Oil Industry’s Woes Overflow Into List of Weakest Debtors: ChartBy
Energy companies are crowding into the not-so-exclusive club of “weakest links,” or debt issuers in danger of default. The list compiled by S&P Global Ratings as of August has the most members since the months following the financial crisis. The oil and gas sector contributed 62 issuers, about 25 percent of the total in S&P’s Sept. 1 report, including eight added last month as a rally in energy prices lost momentum.
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