New York, January 19, 2016 -- Moody's Investors Service downgraded Petroquest Energy, Inc.'s (Petroquest) Corporate Family Rating (CFR) to Caa3 from B3, the Probability of Default Rating (PDR) to Caa3-PD from B3-PD, and the company's senior unsecured notes ratings to Ca from Caa1. The Speculative Grade Liquidity (SGL) Rating was lowered to SGL-4 from SGL-3 and the rating outlook was changed to negative.
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