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
Additional information is available on www.fitchratings.com
2016 Outlook: Latin American Oil and Gas (Lower Oil Prices for Longer)
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.
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
View source version on businesswire.com: http://www.businesswire.com/news/home/20151125005445/en/
Copyright Business Wire 2015
Source: Business Wire
(November 25, 2015 - 9:35 AM EST)
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