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 November 25, 2015 - 9:35 AM EST
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Fitch: Outlook for Latin American Oil and Gas Remains Negative

Fitch Ratings has published a new report on the 2016 Outlook for the Latin American Oil and Gas sector.

Fitch expects pressure from lower crude prices to continue negatively affecting equity prices and credit spreads for Latin American integrated, exploration and production (E&P), and drilling and service companies. Fitch's Rating Outlooks for companies in the region are negative, primarily due to the deeper and longer-than-anticipated downturn in the industry as well as macroeconomic headwinds in the region. Fitch expects this pressure to continue affecting high-yield E&P and services issuers more severely.

The full report 'Outlook 2016: Latin American Oil and Gas' is available at 'www.fitchratings.com'.

Additional information is available on www.fitchratings.com

2016 Outlook: Latin American Oil and Gas (Lower Oil Prices for Longer)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=874075

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Fitch Ratings
Primary Analyst
Lucas Aristizabal
Senior Director
+1-312-368-3260
Fitch Ratings, Inc.
70 W. Madison St.
Chicago, IL 60602
or
Media Relations:
Hannah James, +1 646-582-4947
hannah.james@fitchratings.com
Sandro Scenga, +1 212-908-0278
sandro.scenga@fitchratings.com


Source: Business Wire (November 25, 2015 - 9:35 AM EST)

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