(Source: Fitch Inc) 16 Dec 2015 5:42 PM EST Fitch Ratings-Chicago-16 December 2015: Fitch Ratings has downgraded Chesapeake Energy Corporation's (Chesapeake; NYSE: CHK) Long-term Issuer Default Rating (IDR) to 'B' from 'BB-'. The Rating Outlook remains Negative. A full list of rating actions is provided at the end of this release. In addition, Fitch expects to rate the company's planned second lien notes issuance 'BB-'/RR2. Chesapeake announced the early tender extension and upsizing of private offers of up to $3 billion from $1.5 billion in new 8% senior secured second lien notes due 2022 in exchange for certain outstanding senior unsecured notes. The early and late exchange offers expire...
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