Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Fitch Rating Watch Positive - Canadian Acquisition

8th Oct 2026 07:00

RNS Number : 0724Y
Ithaca Energy PLC
08 October 2026
 

8 October 2026

 

 

NOTIFICATION

ITHACA ENERGY PLC (the "GROUP")

Fitch Ratings Places Ithaca Energy on Rating Watch Positive on Acquisition of Canadian Assets

Ithaca Energy plc (“Ithaca Energy”) is pleased to announce that following the announcement of the Group’s strategic acquisition of offshore Canada assets from Suncor Energy Inc., (the “Transaction”), Fitch Ratings has placed Ithaca Energy plc.'s 'BB-' Long-Term Issuer Default Rating (IDR) on Rating Watch Positive (RWP).

The RWP reflects both the increased scale and geographical diversification the Transaction provides, together with the exposure to a stable jurisdiction with a more favourable fiscal regime than the UK Continental Shelf (UKCS).

In addition, Moody's Ratings has reaffirmed Ithaca Energy's corporate rating to Ba3.

Iain Lewis, Chief Financial Officer of Ithaca Energy, commented:

“We are pleased that our strategic acquisition of offshore Canada assets announced earlier this week, has been received positively by rating agencies, validating the Group’s growth strategy that focuses on building ‘Scale. Stability. Strength.’ As we move towards completion we will continue to work with the ratings agencies to share further updates.”

 

 

Enquiries:

Ithaca Energy

 

Kathryn Reid – Head of Investor Relations & External Affairs

[email protected]

 

 

Camarco (PR Advisers to Ithaca Energy)

+44 (0)203 757 4980

Billy Clegg / Owen Roberts / Violet Wilson

[email protected]

 

 

 

***********************************

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCZZMGGGNZGVZZ

Related Shares:

Ithaca Energy
FTSE 100 Latest
Value10,725.03
Change0.00