Moody's Affirms Ithaca Energy's Ratings Amid Suncor Energy Assets Deal

06:37 AM EDT, 10/05/2026 (MT Newswires) -- Moody's Ratings on Monday affirmed Ithaca Energy's (ITH.L) Ba3 long-term corporate family rating, with a stable outlook. The London-listed oil and gas operator's rating mirrors its strengthened business profile from the recently announced deal to acquire Suncor Energy's offshore assets in Canada. The rating is also backed by the company's sufficient liquidity position, conservative financial strategy, and management's proven track record of executing and integrating acquisitions. The outlook takes into account the rating agency's expectations for the company to integrate the acquired assets successfully and boost production to 150,000 barrels of oil equivalent per day.