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Canadian Natural Resources Ltd. Ratings On CreditWatch Positive On Stronger Operating And Financial Metrics Sep 11
Standard & Poors, Sep 2011
Abstract
We are placing our long-term corporate credit and senior unsecured debt ratings on Canadian Natural Resources Ltd. on CreditWatch with positive implications. We will review our ratings on the company within the next 30 days. Any upgrade would be limited to one notch. We believe the company's demonstrated ability to maintain strong operating and financial metrics illustrate a sustainable strengthening of its credit profile. TORONTO (Standard & Poor's) Sept. 30, 2011--Standard & Poor's Ratings Services today said it placed its 'BBB' long-term corporate credit and senior unsecured debt ratings on Calgary, Alta.-based Canadian Natural Resources Ltd. (CNRL) on CreditWatch with positive implications. The CreditWatch placement follows our recent review of the company's operating and financial track record, and our initial...
Companies mentioned in this report are: Canadian Natural Resources Ltd.
Action: On CreditWatch:Positive
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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