After Noble, Here Are The Next 18 US Energy Companies To Be Junked

by Tyler Durden
ZeroHedge.com
01/12/2016

Following Noble Group’s downgrade to junk and “Enron moment,” we thought it worth considering who is next to be junked?

Judging by the market’s expectations, there are now 110 credits that are rated “investment grade” but trade like junk, and as Markit’s Neil Mehta notes, this is up from just 21 in November.

There are 18 US Energy names (and 23 globally) that are currently traded at CDS levels implying junk status, with Diamond Offshore, Nabors, and Encana top of the list.

The Rest…HERE

This entry was posted on Tuesday, January 12th, 2016 at 3:32 pm and is filed under Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.