It's getting really bleak for energy company debt. Oil and gas names now top Moody's growing list of companies rated B3 negative and lower, according to a research report released Friday. Bond ratings this low are considered "junk." Here's Moody's Julia Chursin: "Of the 28 companies that were added to the list, 43% were from the oil & gas sector, which has seen an uptick in ratings downgrades due to falling oil prices. From the inception of the list, companies from the oil & gas industry, on ...
It's getting really bleak for energy company debt. Oil and gas names now top Moody's growing list of companies rated B3 negative and lower, according to a research report released Friday. Bond ratings this low are considered "junk." Here's Moody's Julia Chursin: "Of the 28 companies that were added to the list, 43% were from the oil & gas sector, which has seen an uptick in ratings downgrades due to falling oil prices. From the inception of the list, companies from the oil & gas industry, on ...
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