Sabine Oil and Gas Corp fka SOGCQ

[DocLevi]

This probably explains weakness last week ...

TM March rates were 0.9% and 1.7% for energy and E&P, respectively, as March bankruptcy filings for Quicksilver Resources and Dune Energy contributed to higher default rates. American Eagle Energy and RAAM Global Energy Co. recently missed interest payments and potential defaults for Connacher Oil and Gas, Samson Investment Co., and Sabine Oil and Gas LLC loom as restructuring talks are underway.

http://www.businesswire.com/news/home/20150409005801/en/Fitch-1Q-HY-Energy-Coupons-Swell-EP#.VSsRvZNOnIU

More information will be available in Fitch's "U.S. High Yield Default Insight", "U.S. Leveraged Loan Default Insight" and "Energy and Commodity Bankruptcy Enterprise Valuation and Creditor Recovery Case Study" reports to be published later this month.

Additional information is available on www.fitchratings.com.

The above article originally appeared as a post on the Fitch Wire credit market commentary page. The original article, which may include hyperlinks to companies and current ratings, can be accessed at www.fitchratings.com. All opinions expressed are those of Fitch Ratings.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.
Contacts

Fitch Ratings
Eric Rosenthal
Senior Director
Leveraged Finance
[phone]
Fitch Ratings
33 Whitehall Street
New York, NY 10004
or
Sharon Bonelli
Senior Director
Leveraged Finance
[phone]
or
Michael Paladino, CFA
Managing Director
Leveraged Finance
[phone]
or
Kellie Geressy-Nilsen
Senior Director
Fitch Wire
[phone]
or
Media Relations:
Alyssa Castelli, [phone]
[e-mail]
Elizabeth Fogerty, [phone]
[e-mail]