The Finnish Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- Published: June 2012
- Region: Finland
On July 6, 2006, Standard & Poor's Rating Services raised its corporate credit rating on independent oil and gas exploration and production (E&P) company Whiting Petroleum Corp. to 'BB-' from 'B+'. The rating was removed from CreditWatch with positive implications. The outlook is stable. Denver, Colo.-based Whiting had $894 million of debt as of March 31, 2006. Following the recent change of Standard & Poor's base case oil pricing assumptions in May 2006, Whiting's corporate credit rating was placed on CreditWatch with positive implications. Upon examination of the company's projected cash flows and credit measures under these pricing assumptions, as well as an assessment of the company's reserve base, drilling prospects, and financial leverage, we determined Whiting's risk profile to...
Companies mentioned in this report are: Whiting Petroleum Corp.
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Whiting Petroleum Corp.