Moody's Downgraded UPL Debt on drilling stop. The main driver was Moody's belief in lower NG prices for longer. Truly the race is on. The market shrugged this off, which was good news, at least so far.
The other interesting headline is how PG&E is impacted by their "Make whole" clauses, where the creditors are trying to get the contractual interest, not the Bankruptcy Code interest. I suspect that Trump would like to see the "Make Whole" clauses voided (good for UPL) since he is not a lender, but has been in Bankruptcy and would like to preserve the Bankruptcy code.