Summary: Helix Energy Solutions Group Inc. Mar 12
- ID: 2084764
- March 2012
- Standard & Poors
Standard & Poor's Ratings Services' rating on integrated marine contractor and oil and gas firm Helix Energy Solutions Group Inc. (Helix) reflects the short reserve life associated with the company's E&P assets in the Gulf of Mexico (GOM), its aggressive capital spending program, and its exposure to the historically cyclical oil and gas industry. The ratings also reflect Helix's adequate liquidity profile and some operating diversity provided through its core contracting services business, as well as its E&P segment. We consider the company's financial risk profile to be "aggressive" and its business risk profile to be "weak" (as our criteria define both terms). As of Dec. 31, 2011, total adjusted debt, including Standard & Poor's adjustments for operating leases and...
Companies mentioned in this report are:
- Helix Energy Solutions Group Inc.
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