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ARCHIVE | Criteria | Corporates | Industrials: Methodology For Examining Capital Spending Program Risk For U.S. Midstream Energy Companies Oct 09
Standard & Poors, Oct 2009
Abstract
1. Standard & Poor's Ratings Services is adapting its methodology for examining capital spending program risk for U.S. midstream energy companies. We are publishing this article to help market participants better understand our approach to reviewing capital spending program risk for the midstream energy companies. This article is related to our criteria article 'Rating Criteria For U.S. Midstream Energy Companies,' which we published on Dec. 18, 2008. 2. The methodology for examining capital spending program risk for midstream energy companies focuses on: How we factor capital spending program risk into our business risk assessment of U.S. midstream energy companies. Capital spending is just one aspect of one element within business risk--an element we call 'growth strategy, capital spending, and operational...
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.
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