Moody's Reviewing Canadian Oil-Producer Ratings After Price Drop

  • Suncor and Encana among oil and gas companies under review
  • Weak industry fundamentals and lower price driving action

Moody’s Investors Service is reviewing the credit rating of seven Canadian exploration and production companies and their rated subsidiaries, including Suncor Energy Inc. and Encana Corp., for downgrade after the price of crude oil weakened further.

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