11:00 AM EDT, 07/12/2024 (MT Newswires) -- Fitch Ratings on Friday said it affirmed Strathcona Resources' ( STHRF ) long-term issuer default rating at "B+" with a stable outlook.

Also, the rating agency affirmed the company's first lien-secured revolving credit facility at "BB+"/"RR1" and upgraded the senior unsecured bond to "B+"/"RR4" from "B"/"RR5."

After these actions, Fitch withdrew the issuer default rating and instrument ratings for commercial reasons.

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