(The following statement was released by the rating agency) Fitch Ratings-Chicago-26 January 2021: Fitch Ratings plans to withdraw the ratings of Lucid Energy Group II Borrower, LLC (Lucid) on or about Feb. 25, 2020 for commercial reasons. Fitch currently rates Lucid Energy Group II Borrower, LLC as follows: --Long-Term Issuer Default Rating (IDR) 'B-'; --Senior secured rating 'B-'/'RR4'. The Rating Outlook is Negative. Fitch reserves the right in its sole discretion to withdraw or maintain the rating at any time for any reason it deems sufficient. Fitch believes that investors benefit from increased rating coverage by Fitch by providing approximately 30 days' notice to the market of the withdrawal of Lucid's ratings. Ratings are subject to analytical review and may change up to the time Fitch withdraws its ratings. Fitch's last rating action on Lucid was on April 7, 2020. At that time, Lucid's Long-Term IDR was downgraded to 'B-'. The senior secured rating was downgraded to 'B-'/'RR4'. The Rating Outlook was revised to Negative. Contact: Jennifer Sagan Director +1 312 368 3199 Fitch Ratings Inc., 1 N. Wacker Drive Chicago, IL 60606
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