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784,636,990.00+7.96 (+0.00%)
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  • Moody's

    Hi-Crush Inc. -- Moody's downgrades Hi-Crush's PDR to D-PD on bankruptcy filing; downgrades CFR to C

    Concurrently, Moody's downgraded Hi-Crush's Corporate Family Rating (CFR) to C from Caa2 and senior unsecured rating to C from Caa3. "The sudden drop in crude oil prices caused by decisions made by the Organization of Petroleum Exporting Countries, and the decline in overall oil demand due to weak economic activity from the coronavirus outbreak, have materially impacted our expectations of Hi-Crush's creditors ability to recover their investment" said Emile El Nems, a Moody's VP-Senior Analyst.