Moody's: Oversupply and tepid growth in Latin America impact outlook for oil, gas, steel and base metals
Mexico, December 14, 2016-- The outlook for oil and gas companies in Latin America is stable, driven by improving profits, strict cost controls and slightly higher oil prices, says Moody's Investors Service in a report. Separately, the outlook for the global base metals sector in the region is also stable, as it is for Latin America's paper and forest products companies. The outlook for Brazil's steel industry is negative.
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