Oil, gas companies lead 2015 credit rating downgrades – Fitch Ratings
Pressure from lower-for-longer oil, gas prices has weakened credit profiles beyond Fitch’s original expectations NEW YORK – According to Fitch Ratings, energy (oil and gas) and natural resource companies made up 33 per cent of credit rating downgrades, excluding sovereign related, during 2015. Persistently weak oil prices have continued to lead to CAPEX reductions or delays and have been […]
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