Search results for: fitch

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  • 5 February 2016
    Exploration & Production

    Offshore drillers, companies providing drilling rigs for the oil and gas industry’s marine exploration efforts, continue to face murky market conditions, and according to Fitch ratings agency, the situation is nowhere nearly close to improvement. According to Fitch, a 70% drop in oil price, and the offshore rig oversupply cycle have led to a continued […]

  • 24 November 2015

    The 2016 sector outlooks for the U.S. oil & gas and oilfield services sectors are negative, according to Fitch Ratings, pressured by global supply/demand challenges, the threat of persistently low oil prices, and sharp capex cuts. “Capital markets access has been fickle for high-yield names, with many issuers resorting to self-help measures as a lifeline […]

  • 25 April 2016

    Credit rating agency Fitch on Friday informed it has revised the outlook on Woodside’s IDR to negative from stable.

  • 1 December 2016
    Business & Finance

    Muted demand growth will exacerbate overcapacity for the shipping sector in 2017, putting pressure on freight rates and driving further consolidation and defaults, according to Fitch Ratings. Fitch expects performance in all segments to be under pressure and has therefore maintained its negative sector outlook. However, tanker shipping will face slightly less stress than dry bulk and […]

  • 24 February 2016

    Credit rating agency Fitch downgraded Hague-based LNG giant Shell following its $53 billion acquisition of BG Group. Fitch downgraded Shell’s Long-term Issuer Default Rating to ‘AA-‘ from ‘AA’. The outlook is negative, the agency said in a statement last week. Shell completed the BG acquisition on February 15, creating the world’s largest liquefied natural gas company. […]

  • 15 September 2015
    Business & Finance

    Stand-alone U.S. port ratings remain largely in the ‘A’ category despite volume fluctuations during economic downturns, according to a new Fitch Ratings report. Emma Griffith, Director in Fitch’s Global Infrastructure Group, said that around 95% of port sector ratings were given Stable Outlooks, implying ”the relatively low credit risk and the resilience of port cash flows.”  […]

  • 16 August 2012

    Fitch Ratings has revised its price decks for both U.S. oil and natural gas, reflecting various market factors and underlying conditions. Fitch has lowered its long-term (mid-cycle) Henry Hub natural gas price to $4.50/thousand cubic feet (mcf) from $5.00/mcf. This drop reflects limited catalysts for higher U.S. natural gas usage and the ongoing strength of […]

  • 12 June 2015

    Fitch Ratings has affirmed Ras Laffan Liquefied Natural Gas Company Limited’s (RasGas) senior secured bonds at ‘A+’ with Stable Outlooks.

  • 25 March 2016

    Energy (oil & gas) and natural resource companies made up 33% of downgrades, excluding sovereign related, during 2015, according to Fitch Ratings. Persistently weak oil prices have continued to lead to capex reductions or delays and have been a primary driver for weakened investment and sub-investment-grade credit profiles globally, the credit ratings agency said. In […]

  • 23 July 2014

    Fitch Ratings has affirmed Nakilat Inc.’s senior and subordinated bond ratings at ‘A+‘ for USD850m series A senior secured bonds due 2033 and ‘A-‘ for USD300m series A subordinated second priority secured bonds due 2033. The rating affirmations reflect Nakilat’s stable operating and financial performance. Reported revenues of USD828m partly reflecting a pass-through of higher […]

  • 8 December 2014
    Business & Finance

    Calmer waters are ahead for the shipping industry in Europe, the Middle East and Africa (EMEA), according to Fitch Ratings forecasts for 2015. The stable outlook for 2015 is based on expected  rebound of sector fundamentals, however oversupply and volatility in rates are likely to persist. Fitch Ratings forecasts in its latest report that the container […]

  • 25 September 2014
    Business & Finance

    Five-year credit default swaps (CDS) for offshore drilling companies in North America have widened 46% over the past month and 20% over the last week, underperforming other sectors in the region, according to Fitch Solutions. New York-based rating agency Fitch Ratings said that CDS have likely widened partly in response to the recent Noble Corporation […]

  • 12 June 2015

    Fitch Ratings has affirmed Ras Laffan Liquefied Natural Gas Company Limited’s (RasGas) senior secured bonds at ‘A+’ with Stable Outlooks.

  • 23 February 2016
    Business & Finance

    Fixed-price power purchase agreements and public incentives insulate renewables from pricing risk, according to a new Fitch Ratings report. “In addition to pricing advantages, renewables enjoy increased demand spurred by tighter emission compliance standards,” said Christopher Joassin, Director at Fitch Ratings. “Carbon dioxide compliance costs will also improve renewables’ competitiveness.” Fitch has also recognised offshore wind […]

  • 8 May 2015

    The possibility of an oversupplied global liquid natural gas market and more competitive Asian LNG prices has introduced an uncertain outlook for US LNG projects, according to Fitch Ratings.

  • 8 May 2015

    The possibility of an oversupplied global liquid natural gas market and more competitive Asian LNG prices has introduced an uncertain outlook for US LNG projects, according to Fitch Ratings.

  • 15 September 2015
    Business & Finance

    Stand-alone U.S. port ratings remain largely in the ‘A’ category despite volume fluctuations during economic downturns, according to a new Fitch Ratings report. Emma Griffith, Director in Fitch’s Global Infrastructure Group, said that around 95% of port sector ratings were given Stable Outlooks, implying ”the relatively low credit risk and the resilience of port cash flows.”  […]

  • 13 July 2016

    Europe’s traditional gas suppliers such as Gazprom could come under market pressure, especially from the liquefied natural gas market, according to Fitch Ratings.

  • 15 August 2013

    Natural gas prices are likely to stay in a range between $3-$4.50 per thousand cubic feet (mcf) during the next few years, according to Fitch Ratings. Fitch expects prices to remain volatile due to weather impacts, but should continue to be a range bound over the next several years due to the substantial amount of […]

  • 11 December 2015
    Business & Finance

    Fitch Ratings has revised the global shipping sector outlook for 2016 to negative from stable in 2015. The rating agency expects muted global trade growth and the economic slowdown in emerging markets to exacerbate overcapacity, leading to declining and volatile freight rates. But performance will vary across the segments, with dry-bulk and container shipping under […]

  • 8 January 2018
    Business & Finance

    EnQuest has appointed Laurie Fitch as a non-executive director of the EnQuest board with effect from January 08, 2018. On joining the board, Laurie Fitch will become a member of the remuneration and risk committees. Laurie is currently a partner in the strategic advisory group of PJT Partners. Fitch is also a member of the […]

  • 23 February 2016
    Business & Finance

    Fixed-price power purchase agreements and public incentives insulate renewables from pricing risk, according to a new Fitch Ratings report. “In addition to pricing advantages, renewables enjoy increased demand spurred by tighter emission compliance standards,” said Christopher Joassin, Director at Fitch Ratings. “Carbon dioxide compliance costs will also improve renewables’ competitiveness.” Fitch has also recognised offshore wind […]