|
|
 |
|
Viewing report
|
|
|
|
Issuer Ranking: European Oil And Gas Companies Strongest To Weakest Feb 07
Standard & Poors, Feb 2007
Abstract
The ratings on European oil and gas companies have shown overall a stable trend in recent years, supported by highly favorable market conditions but offset by increased challenges in reserve replacement and significant capital expenditure inflation. The credit quality of Russian oil and gas companies, on the other hand, has improved, with OAO Gazprom and OAO AK Transneft achieving investment-grade status in late 2006, notably reflecting Standard & Poor's Ratings Services' reassessment of increased likelihood of government support. Ratings for private Russian oil and gas majors have also risen, but the possibility of achieving investment grade is in many cases limited due to perceived continued high country risk. The following table presents Standard & Poor's ratings, outlooks, and business and...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
|
|
|
|
