Moody's: Global oil and gas industry to see modest rebound in the year ahead
New York, December 08, 2016-- The global oil and gas industry will continue to struggle under the weight of high debt levels in the coming year, even as the industry rebounds modestly from its 2016 trough, Moody's Investors Service says in its 2017 outlook. Among the firm's outlooks for the various energy sectors, two carry stable outlooks, two have negative outlooks, and one outlook is positive. The outlook is stable for integrated oil and gas companies, Moody's says.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
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