With the oil and gas sector now accounting for 37% of total distressed debt, the U.S. distress ratio reached 20.1% in November, its highest level since September 2009, Standard & Poor’s Ratings Service (S&P) said in a report released Monday.
Distress
Articles from Distress
New Cash, Futures Price Records Signal Market in Distress
The jolting daily cash price increases, record Gulf Coast and Midcontinent prices and new gas futures highs last week probably gave some market monitors heart palpitations and raised the ire of industry critics, but so far the blame for the events has been placed on a long series of fundamental factors triggered by Mother Nature.
March 3, 2003
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