Unit Corp.: Time To Move On (Rating Downgrade)

Unit Corp. has had its credit rating downgraded by a major agency due to its high debt levels and weak financial performance. This could impact the company's ability to borrow money and may affect its stock price.

The downgrade comes as Unit Corp. struggles with low oil prices and a slowdown in its drilling operations. The company has been cutting costs and selling assets in an effort to improve its financial situation.