CNOOC Ltd. 'AA-' And 'cnAAA' Ratings Affirmed; Outlook Stable - S&P Global Ratings’ Credit Research

CNOOC Ltd. 'AA-' And 'cnAAA' Ratings Affirmed; Outlook Stable

CNOOC Ltd. 'AA-' And 'cnAAA' Ratings Affirmed; Outlook Stable - S&P Global Ratings’ Credit Research
CNOOC Ltd. 'AA-' And 'cnAAA' Ratings Affirmed; Outlook Stable
Published Apr 17, 2014
1389 words — Published Apr 17, 2014
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We expect CNOOC Ltd. to continue to generate robust cash flows despite a material increase in capital expenditure. We still see an "extremely high" likelihood that CNOOC Ltd. would receive timely and sufficient extraordinary government support if it comes under financial stress. We are affirming our 'AA-' long-term corporate credit rating and 'cnAAA' long-term Greater China regional scale rating on CNOOC Ltd. We are also affirming our 'AA-' issue rating and 'cnAAA' Greater China regional scale rating on the senior unsecured notes that the China-based oil company guarantees. The stable outlook on CNOOC Ltd. reflects the outlook on the sovereign rating on China. HONG KONG (Standard&Poor's) April 17, 2014--Standard&Poor's Ratings Services today affirmed its 'AA-' long-term

  
Brief Excerpt:

RESEARCH CNOOC Ltd. '##-' And 'cnAAA' Ratings Affirmed; Outlook Stable Publication date: 17-Apr-2014 Primary Credit Analyst: Lawrence Lu, CFA, Hong Kong (852) 2533-3517; law.lu@standardandpoors.com Secondary Contact: Leo L Hu, Hong...

  
Report Type:

Ratings Action

Ticker
883@HK
Issuer
CNOOC Ltd.
GICS
Oil & Gas Exploration & Production (10102020)
Sector
Global Issuers
Country
Hong Kong
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "CNOOC Ltd. 'AA-' And 'cnAAA' Ratings Affirmed; Outlook Stable" Apr 17, 2014. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/CNOOC-Ltd-AA-And-cnAAA-Ratings-Affirmed-Outlook-Stable-1298250>
  
APA:
S&P Global Ratings’ Credit Research. (). CNOOC Ltd. 'AA-' And 'cnAAA' Ratings Affirmed; Outlook Stable Apr 17, 2014. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/CNOOC-Ltd-AA-And-cnAAA-Ratings-Affirmed-Outlook-Stable-1298250>
  
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