Fitch Downgrades Baytex 's Rating to 'B+' After Sale of U.S. Assets; Outlook Stable
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Fitch Ratings downgraded Baytex Energy Corp.'s Long-Term Issuer Default Rating to 'B+' from 'BB-' following the sale of its U.S. Eagle Ford assets. The outlook is stable. The downgrade reflects reduced operational scale, geographical diversification, and cash flow generation. Proceeds from the sale will be used to repay debt, lowering EBITDA leverage to 0.2x in 2026. Despite weaker business profile, lower interest payments and a conservative financial profile support Baytex. The company's production is expected to decline by 55% to below 70 kboe/d.
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