-- Moody's changed its outlook on EnQuest (ENQ.L) to positive from stable, citing the improvements in the company's liquidity, operational performance and credit metrics.
In a Monday note, the rating agency highlighted the British oil and gas company's bond refinancing plan, saying the initiative will remove near-term refinancing risks and add four years to the company's debt maturity profile.
Moody's affirmed the company's corporate family rating at B3, citing its business profile and the challenging energy market conditions.