Fitch Ratings 2019 Outlook: Latin American Energy (Oil and Gas) (Downward Rating Trajectory) - Fitch Research

Fitch Ratings 2019 Outlook: Latin American Energy (Oil and Gas) (Downward Rating Trajectory)

Fitch Ratings 2019 Outlook: Latin American Energy (Oil and Gas) (Downward Rating Trajectory) - Fitch Research
Fitch Ratings 2019 Outlook: Latin American Energy (Oil and Gas) (Downward Rating Trajectory)
Published Dec 14, 2018
6 pages (3320 words) — Published Dec 14, 2018
Price US$ 750.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...Fitch's Sector Outlook: Stable (2018: Stable) The stable sector outlook reflects Fitch Ratings' expectation of a moderately level global hydrocarbons price in the long term, albeit with potentially high volatility in the short term. Fitch assumes Brent and West Texas Intermediate could trend toward USD57.50 and USD55 a barrel, respectively, in the long term, despite the recent increase in crude prices. The Latin American oil and gas industry is dominated by state-owned national oil companies (NOCs), with the ratings for many of them relying on linkage to the sovereign. Rating Trajectory: Down (2018: Stable) The rating trajectory for Latin American oil and gas companies has reverted to negative from stable partially as a result of macroeconomic challenges in the region as well as to some issuer-specific expected credit deterioration. Four issuers, or approximately 30% of oil and gas ratings in the region, have a Negative Outlook while none are on Positive Outlook and 59% are Stable. Mixed...

  
Report Type:

Outlook

Company(ies)
Petroleos De Venezuela SA , YPF S.A. , Petroleos Mexicanos S.A. de C.V. , Petrleo Brasileiro S.A. - Petrobras , Ecopetrol S.A. , PAN American Energy SL , EMPRESA NACIONAL DEL PETROLEO - ENAP , Petroquimica Comodoro Rivadavia S.A. , Frontera Energy Corporation , GeoPark Limited , Constellation Oil Services Holding SA , Hunt Oil Company of Peru LLC Sucursal Del Peru , Offshore Drilling Holding, S.A. , Petroleos del Peru Petroperu S.A. , Compania General de Combustibles S.A. , GRAN TIERRA ENERGY INTERNATIONAL HOLDINGS GMBH , CANACOL ENERGY LTD
Ticker(s)
GPRK , IGBC , PETR3 , QGOG , YPFD
Issuer
QGOG Constellation S.A.
Format:
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Cite this Report

  
MLA:
Fitch Research. "Fitch Ratings 2019 Outlook: Latin American Energy (Oil and Gas) (Downward Rating Trajectory)" Dec 14, 2018. Alacra Store. May 07, 2025. <http://www.alacrastore.com/fitch-credit-research/Fitch-Ratings-2019-Outlook-Latin-American-Energy-Oil-and-Gas-Downward-Rating-Trajectory-941455_report_frame>
  
APA:
Fitch Research. (). Fitch Ratings 2019 Outlook: Latin American Energy (Oil and Gas) (Downward Rating Trajectory) Dec 14, 2018. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/fitch-credit-research/Fitch-Ratings-2019-Outlook-Latin-American-Energy-Oil-and-Gas-Downward-Rating-Trajectory-941455_report_frame>
  
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