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A Weak Economy Limits Prospects For U.S. Natural Resources, Says Report Oct 11
Standard & Poors, Oct 2011
Abstract
NEW YORK (Standard & Poor's) Oct. 4, 2011--Standard & Poor's Ratings Services said today in a published report that our outlook for the U.S. natural resources sector is still stable. However, we're more cautious because of an increasingly fragile domestic recovery and growing economic uncertainty abroad. The industry report card is titled 'A Weak Economy Clouds Prospects For U.S. Natural Resources.' 'If the economy doesn't gradually improve, in line with our baseline economic assumptions, we could see an increase in downgrades over the next 12 months,' said Standard & Poor's credit analyst James Fielding. Currently, companies with negative rating outlooks outnumber those with positive outlooks. Some issuers are more at risk of a downgrade. This includes building and forest products...
Action: General Comment
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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