Credit Rating Report

Obsidian Energy Ltd.: Rating Report

Energy and Natural Resources

Summary

On July 27, 2023, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and the Senior Unsecured Notes (the Senior Notes) rating of Obsidian Energy Ltd. at B (high). DBRS Morningstar also has a recovery rating of RR4 on the Senior Notes. All trends are Stable.

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