Struggling energy companies continue to put upward pressure on U.S. and global speculative grade default rates, according to a recent report from Moody’s Investors Service.
Moody'S
Articles from Moody'S
Big Oil Profits to Contract Sharply, Dimming Long-Term Production Targets, Says Moody’s
ExxonMobil Corp., Chevron Corp., BP plc, Royal Dutch Shell plc and their integrated peers are facing a world of pain as this year’s earnings contract by 20%, with only a modest recovery expected in 2016, Moody’s Investors Service said Wednesday.
September 16, 2015
Moody’s Forecasts Cancellation of Many U.S. LNG Export Projects
Cheniere Energy Inc. has a first-mover advantage that some might not have anticipated at the time it got in front of the pack of would-be U.S. liquefied natural gas (LNG) exporters: two of the company’s projects are advancing while dozens of projects by others could flounder in a market weakened by cheap oil and LNG oversupply.
April 7, 2015
Moody’s Considering Pemex Ratings Upgrade
A subsidiary of Moody’s Investors Service Inc. is considering upgrading the rating of Mexico’s state-owned petroleum company, Petroleos Mexicanos (Pemex), following the Mexican government’s decision to reform its energy policies.
February 7, 2014
Moody’s: Quality Reserve Base Earns Range Rating Upgrade
Citing the quality of Range Resources Corp.’s reserve base, Moody’s Investors Service on Thursday upgraded the Houston-based company’s corporate family rating to “Ba1” from “Ba2” and its senior subordinate rating to “Ba2” from “Ba3.”
September 3, 2013
Shift to Oily Shale Plays Bolsters E&P Operations, Says Moody’s
The ongoing oversupply of natural gas hasn’t deterred most independent exploration and production (E&P) companies from maintaining a robust drilling pace in the shale plays because of the shift by many to crude and natural gas liquids (NGL) for margin relief, Moody’s Investors Service said in a report.
October 25, 2010
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