TITLE

Moody's: Offshore Drillers Face Long-Term Woes

AUTHOR(S)
Fest, Glen
PUB. DATE
September 2015
SOURCE
High Yield Report;9/14/2015, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
109453593

 

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