Ithaca Energy 'B' Rating Withdrawn At Issuer's Request


LONDON (S&P Global Ratings) Feb. 5, 2019--S&P Global Ratings said today that 
it withdrew its 'B' long-term issuer credit rating on Ithaca Energy Ltd. at 
the company's request. In October 2018, we withdrew our rating on Ithaca 
Energy's debt following the refinancing of its $300 million senior unsecured 
notes, which resulted in the company having no publicly traded debt 
obligations.

At the time of the withdrawal, the outlook was stable, reflecting our view 
that Ithaca will continue to benefit from the support of its parent company, 
Delek Group, and would continue to build headroom under the rating following 
its acquisition of additional interest in its operated Greater Stella Area 
production hub.
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