...The focus in November was on the effects of a lower oil price, the launch of corporate rating navigators, and the publication of our first 2015 sector outlooks. The Ratings Navigator is a graphical peer comparator tool that provides transparency on the key drivers of non-financial corporate issuer ratings and visually communicates an issuer's key strengths and weaknesses in a standardised format. We aim to publish navigators for each major corporate sector, with a large number of reports already published. Weaker oil prices are likely to continue in the near term, with worse to come for EMEA oil majors, as lower prices are likely to have an even greater negative effect on the 4Q14 earnings of oil and gas companies than they had in 3Q14. Full-year results of major oil and gas producers may therefore be worse than we originally expected, as sluggish prices could well prevail at least until the end of the year. Looking forward to 2015, we published the first of our sector rating outlooks,...
