S&P rates Northern Oil and Gas Inc B, outlook stable
May 09, 2012 at 14:25 PM EDT
May 9 (Reuters) - Overview -- We have assigned our 'B' corporate credit rating to U.S.-based exploration and production company Northern Oil and Gas Inc. -- We have assigned our 'B' issue rating and '4' recovery rating to the company's $250 million senior unsecured notes due 2020. -- The stable outlook reflects our expectations that the company will manage its aggressive capital spending in a manner that does not significantly erode its credit protection measur