New York, July 21, 2016 -- Moody's Investors Service (Moody's) upgraded White Star Petroleum's (WSTR) Corporate Family Rating (CFR) to Caa1 from Caa2 and the Probability of Default Rating to Caa1-PD from Caa2-PD. Moody's affirmed WSTR's Caa2 senior secured second lien notes rating. The ratings outlook was changed to positive from stable.
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