Credit Ratings

Corporate
Rating AgencyOutlookLong-term ratingLatest update
Moody'sPositiveBa2Outlook revised to Positive from Stable, 
long-term rating reaffirmed on May 12, 2026
Standard & Poor'sStableBBUpgraded on October 7, 2025
Senior Secured Debt
Rating AgencyLong-term ratingLatest update
Moody'sBa1Reaffirmed on May 12, 2026
Standard & Poor'sBBB-Upgraded on October 7, 2025
Senior Unsecured Debt
Rating AgencyLong-term ratingLatest update
Moody'sB1Reaffirmed on May 12, 2026
Standard & Poor'sB+Upgraded on October 7, 2025