Credit Benchmark data on the declining credit quality of North American and European Oil & Gas Exploration & Production companies has been cited in the latest ‘Energy Source’ newsletter via The Financial Times.
Authors Derek Brower and Myles McCormick noted in the column:
“The chances of US oil and gas producers defaulting on their debt jumped by 50 per cent in recent months, shifting the sector a notch further into junk territory, according to Credit Benchmark. Their European counterparts — more integrated and less indebted — are doing better.“
The Financial Times, July 30, 2020.