Moody’s may downgrade 120 oil and gas companies, 55 mining companies – MarketWatch

More bad news for companies that are heavily exposed to the slumping commodities markets. Moody’s Investors Service said it may downgrade the ratings of 120 oil and gas companies and 55 mining companies around the world, as the prices of a range of commodities remain at multiyear lows. The credit rating agency said the mix of low prices, oversupply and weak demand “will continue to significantly stress the credit profiles of companies” in those sectors.

Source: Moody’s may downgrade 120 oil and gas companies, 55 mining companies – MarketWatch

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