Fitch Keeps Ithaca Energy's Rating on Low Leverage, Conservative Financial Policy

02:53 AM EDT, 09/09/2026 (MT Newswires) -- Fitch maintained the BB- long-term issuer default rating of Ithaca Energy (ITH.L), with a stable outlook, citing the company's operational diversification, low leverage, and conservative financial policy. The rating agency highlighted the oil and gas company's acquisition-driven growth strategy, disciplined capital allocation, and steady production performance, according to a Tuesday release. Fitch said these strengths are offset by Ithaca's short proved reserve life and the high and evolving UK oil and gas tax regime.