Credit Ratings

Surging Oil Industry Brings Opportunity To Rural California

Standard and Poor’s downgraded its outlook on US-based independent Anadarko due to the likelihood of a court settlement that could exceed $9 billion. The case dates back to subsidiary Kerr-McGee’s 2002 corporate restructuring and the company’s 2005 spin-off of its titanium dioxide business. “Our negative outlook reflects our view that a Tronox settlement in excess… Keep reading →

Russian Oil Stops Flowing To Western Europe Thru Belarus

Moody’s Investors Service lowered its outlook for Russian state-controlled oil giant Rosneft due to a “significant increase” in the company’s leverage and risks associated with the integration of the newly- acquired TNK-BP International Ltd. Although Moody’s put a negative outlook on the company, they left Rosneft’s credit rating unchanged, due to close Kremlin support and… Keep reading →