MAUREL & PROM - RATING REPORT
M&P has experienced this year stabilization of its operating environment and better operational performance. After a sharp decrease in oil prices between mid 2014 to January this year, there have been signs of stabilization within a $40-55 per barrel range. Still, oil prices are expected to remain around that level in the coming quarters. Against this backdrop M&P has made operational progresses this year as FY15’s production disruptions are behind with an increase in oil production of 37% yoy at year-to-date September 2016...​
Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.
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