Moody's: Offshore Drillers Face Long-Term Woes

Fest, Glen
September 2015
High Yield Report;9/14/2015, p8
The article focuses on the distress facing the offshore drilling industry through 2017 due to low crude oil prices and high number of rig supplies, according to a report released by Moody's Investors Service in September 2015. Topics discussed include the economic implication of decreased drilling activity, factors resulting to oil price pressures, and credit metrics for offshore drillers. Also mentioned are ways to prevent ratings downgrade.


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