Assignment of new Debt Issuer Credit Rating

Zenith Energy Ltd

10 October 2023

 

October 10, 2023             

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Assignment of new Debt Issuer Credit Rating

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, is pleased to announce that EuroRating Sp. Zo.o ("Eurorating") has assigned the Company a long-term debt issuer credit rating of "B+ with Stable Outlook".

EuroRating is an independent credit rating agency operating since 2008 specialised in performing credit risk assessments of corporations and financial institutions. EuroRating is fully registered and regulated by the European Securities and Markets Authority ("ESMA") in accordance with Regulation (EC) No. 1060/2009 of the European Parliament on credit rating agencies and is recognised as an ECAI (External Credit Assessment Institution).

Credit ratings assigned by EuroRating are valid throughout the European Union and can be used for regulatory purposes under EU legislation by all financial institutions and are entirely equal to credit ratings issued by other credit rating agencies recognized by ESMA, without territorial or any other limitations.

The EuroRating report can be viewed here: https://www.eurorating.com/files/615687610/file/2023-10-09_Zenith_Energy_Ltd_-_rating_report_for_the_company.pdf

Luca Benedetto, Chief Financial Officer, commented:

"The assignment of a new debt issuer credit rating will assist Zenith Energy in attracting debt financing for the various business development opportunities we are evaluating in the USA, Kazakhstan, and Italy.

As a debt issuer with an unblemished track record in servicing debt and repaying fixed income investors upon maturity, we look forward with enthusiasm to further enhancing the credibility of our debt instruments."

Further Information:

Zenith Energy Ltd  Andrea Cattaneo, Chief Executive Officer	Tel: [phone] E:  [e-mail]
BlytheRay - Financial PR/IR Tim Blythe, Megan Ray, Matt Bowld	Tel: [phone] E:  [e-mail]
Allenby Capital Limited - Financial Adviser Nick Harriss Daniel Dearden-Williams	Tel: + 44 (0) 203 328 5656
Miriad Limited - Media Enquiries Zak Mir	Tel: [phone] E: [e-mail]

Notes to Editors:          

Zenith Energy Ltd. is a revenue generating, independent energy company with production, exploration and development assets in North Africa and Europe, including electricity generation in Italy. The Company is listed on the London Stock Exchange Main Market (LSE: ZEN) and the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA).

Zenith's strategic focus is on pursuing development opportunities through the development of proven revenue generating energy production assets, as well as low-risk exploration activities in assets with existing production.

For more information, please visit:  www.zenithenergy.ca

Twitter: @zenithenergyltd

LinkedIn:  https://bit.ly/3A5PRJb

 

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