With oil prices soaring to their highest levels in 10 years and the average annual price of crude now running at a 15-year high, many of the real economic effects being felt are understandably negative. And despite the Administration's decision to increase daily global oil supplies by 1.3% for 30 days, there is likely to be little long-term change in supplies and prices moving forward. For a long time there has been concern about rising debt, asset price bubbles, and unbridled consumption. Until now, however, there had not been a catalyst sufficient to trigger all the many risks that lay dormant in the U.S. economy. Many had been expecting the Asian market crisis and Russian debt default to trigger a...
Companies mentioned in this report are:
- Las Vegas
- Salt Lake City
- Fort Worth
- Denver & Rio Grande Western Railroad Co.
- Russian Federation
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. SHOW LESS READ MORE >