After studying the financial and operational situations of 15major oil and gas producers, the international credit agency FitchIBCA recently published a report indicating the industry isrebounding from the financially depressed timeframe between 1998and early 1999, but new challenges are just around the corner.
Ibca
Articles from Ibca
Fitch Gives Columbia High Marks
Columbia Energy Group received high marks from Fitch IBCA, theinternational debt rating agency, for significant progress sinceemerging from bankruptcy in 1995. “Columbia exhibits a stablefinancial profile and favorable qualitative operatingcharacteristics,” Fitch said in upgrading the company’s $2 billionoutstanding debentures two notches to A from BBB+ and raising its$850 million commercial paper program F1 from F2.
August 20, 1998
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