IPC Announces Corporate Credit Ratings

January 11, 2022

International Petroleum Corporation (“IPC” or the “Corporation”) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that international credit rating agencies Moody’s and S&P Global Ratings have assigned corporate credit ratings to IPC. Moody’s has assigned a credit rating of B1 with stable outlook and S&P Global Ratings has assigned a credit rating of B with stable outlook.