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Asia-Pacific Oil and Gas Industry Review Jun 01
Standard & Poors, June 2001
Abstract
Volatile oil prices, persistent excess capacity in the downstream petroleum sector, and uncertain energy demand continue to impact the profitability of energy companies in the Asia-Pacific region. Still, credit quality has remained relatively stable for the companies rated by Standard & Poor's. In all, Standard & Poor's rates 14 energy credits in the Asia-Pacific region. Over the past 12 months, two new ratings have been assigned, two ratings have been raised, and two outlooks revised (see table 1). The rating actions had little in common, reflecting the diversity of the different markets and sectors involved. The credit quality of the Japanese oil industry is expected to remain weak over the medium term, despite efforts by companies to improve their operations...
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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