Crescent Energy Earns Favorable Responses From All Rating Agencies On Its Recently Announced Agreement To Acquire SilverBow Resources
Portfolio Pulse from Benzinga Newsdesk
Crescent Energy (NYSE:CRGY) has received favorable responses from S&P, Fitch, and Moody's on its agreement to acquire SilverBow Resources. The acquisition, valued at $2.1 billion, is expected to close by the end of Q3 2024, pending customary approvals.
May 22, 2024 | 8:55 pm
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Crescent Energy (NYSE:CRGY) has received positive ratings actions from S&P, Fitch, and Moody's following its agreement to acquire SilverBow Resources. The acquisition is valued at $2.1 billion and is expected to close by the end of Q3 2024, pending customary approvals.
The positive ratings actions from major agencies like S&P, Fitch, and Moody's indicate strong confidence in Crescent Energy's strategic move to acquire SilverBow Resources. This is likely to boost investor sentiment and positively impact CRGY's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
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