OREANDA-NEWS. S&P Global Ratings today affirmed its 'CCC-' corporate credit rating, with a negative outlook, on Denver-based oil and gas exploration and production company Resolute Energy Corp.

At the same time, we affirmed the 'CCC-' issue-level rating on the company's second-lien debt and 'C' issue-level rating on the company's senior unsecured debt. The '3' recovery rating on the second-lien debt indicates our expectation of meaningful (lower end of the 50%-70% range) recovery and the '6' recovery rating on the unsecured debt indicates negligible (0%-10%) recovery in the event of default.

Subsequently, we withdrew all our ratings on Resolute at the issuer's request.