London, 01 March 2016 -- Moody's Investors Service (Moody's) has today concluded rating reviews on three European exploration and production (E&P) companies. Moody's confirmed the B2 corporate family rating (CFR), B2-PD probability of default rating (PDR) and Caa1 senior notes rating of Tullow Oil plc and the B3 corporate family rating (CFR), B3-PD probability of default rating (PDR) and Caa2 senior global note rating of Ithaca Energy Inc., and downgraded EnQuest plc's corporate family rating (CFR) and probability of default rating (PDR) by one notch to Caa1/Caa1-PD from B3/B3-PD, while confirming Caa2 ratings on its senior global notes. Moody's assigned negative outlooks to all ratings. These actions conclude the rating reviews begun on January 22, 2016.

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