In yet another sign that lower-for-longer commodity price sentiment has taken hold of the market, Standard & Poor’s Ratings Services (S&P) said Tuesday it downgraded four U.S. regional banks because of their large energy loan portfolios.
S&P
Articles from S&P
S&P: Oil and Gas Raises Speculative-Grade Distress Ratio to 2009 Levels
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.
November 30, 2015
S&P: Any of Several Plays Could Be Next Eagle Ford
Liquids-rich and oil plays have clearly won the hearts and dollars of North American producers. The Eagle Ford and Bakken shales are stars now, but several others are poised to join or possibly eclipse them, according to a recent note by Standard & Poor’s Ratings Services (S&P).
August 27, 2013
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