Oil and gas ratings stable, says Moody’s

The ratings outlook for US oil and natural gas companies is generally stable, but refining and marketing firms are under pressure due to weak cashflows and tight margins, says credit rating agency Moody’s.

Speaking in a conference call to analysts on September 18, Moody’s vice-president and senior credit officer Helen Calvelli said the outlook for drilling and oil-field services companies was stable, due mainly to stronger balance sheets and the benefits of industry consolidation. But worries

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