February 22, 2008
S&P Improves Credit Outlook for Four Oil-Weighted Producers
Standard & Poor’s Ratings Services has revised its outlook on credit quality for four E&P companies due to S&P’s higher oil-price assumptions.
S&P credit analyst Thomas Watters says, “We expect profit margins for crude-oil-weighted producers to remain relatively strong in the near term. However, increasing operating costs, which in some cases have eclipsed the rise in energy prices, could continue to pressure margins.”
-- Stephen Payne

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