Credit Benchmark data highlighting the difference in credit quality of Global Coal and Global Oil & Gas companies against Global Corporates has been cited in the latest ‘Energy Source’ newsletter via The Financial Times.
Authors Derek Brower, Justin Jacobs, and Amanda Chu noted in the column:
“The industry is also now laden with hazard for investors. In the past two years, credit risk for coal increased by over 30 per cent…Oil and gas companies are also in danger — they saw the greatest increase in credit risk over the past two years. Still, they are more than three times more likely than coal companies to be investment grade.”
The Financial Times, July 15, 2021.