Middle East Economic Survey
VOL. XLVIII
No 48
28-November-2005
REGIONAL
High Oil Prices Underpin Strong Upstream Ratings But Challenges Loom For 2006
Recent high oil prices and the positive price outlook for 2006 have translated into a supportive environment for credit ratings of major oil companies, according to Standard & Poors (S&P). In fact, the resurgence of profitability in the global refining business has been responsible for several of the ratings upgrades seen in the last year. But...
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