Newspaper article The Canadian Press

Moody's Reviews Debt Ratings for Some Companies Due to Low Oil and Gas Prices

Newspaper article The Canadian Press

Moody's Reviews Debt Ratings for Some Companies Due to Low Oil and Gas Prices

Article excerpt

Moody's puts oilpatch ratings under review

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CALGARY - The debt ratings for more than a dozen Canadian companies have been placed under review and may be downgraded by Moody's Investor Services as a result of lower oil and gas prices.

Among the biggest names on the list is Calgary-based Precision Drilling (TSX:PD), which owns and operates fleets of rigs used by oil and gas companies in Canada, the United States and other countries.

Other companies on the Moody's review list include Paramount Resources Ltd. (TSX:POU) and other oil and gas producers as well as companies that provide drilling, transportation and environmental services to the industry.

Moody's says it's reviewing the debt ratings for a total of 120 companies around the world because of the outlook for energy prices. …

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