Tag: defaults

Struggling O&G co.s losing vital financial lifeline by missing distressed debt payments

Struggling O&G co.s losing vital financial lifeline by missing distressed debt payments

Fitch projects $90 billion in 2016 defaults, 3rd highest on record behind 2002 ($110 billion) and 2009 ($119 billion) Distressed debt exchanges (DDEs), a prominent lifeline used by struggling energy companies since last April, may no longer be a viable tool to stem the tide of low oil prices, according to Fitch Ratings. The past three […]