CHICAGO--(BUSINESS WIRE)--Fitch Ratings has downgraded Energy XXI's ratings as follows: Energy XXI Gulf Coast Inc. --Long-term Issuer Default Rating (IDR) to 'CCC' from 'B'; --Senior secured first lien revolver to 'B/RR1' from 'BB/RR1'; --Senior secured second lien notes to 'B/RR1' from 'BB/RR1'; --Senior unsecured notes to 'CCC-/RR5' from 'B-/RR5'. Energy XXI LTD --Long-term IDR to 'CCC' from 'B-'; --Convertible notes to 'CC/RR6' from 'CCC/RR6'; --Convertible perpetual preferred to 'CC/RR6' fr
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