Credit Rating Report

Obsidian Energy Ltd.: Rating Report

Energy

Summary

DBRS Limited (DBRS Morningstar) finalized its provisional Issuer Rating of B (high) on Obsidian Energy Ltd. (Obsidian). DBRS Morningstar also finalized its provisional rating of B (high) with a recovery rating of RR4 on Obsidian鈥檚 Senior Unsecured Notes. All trends are Stable.