One Third Of Energy Companies Could Go Bankrupt Deloitte Warns As Credit Risk Hits Record High
by Tyler Durden
ZeroHedge.com
02/16/2016
At 1600bps, the extra yield investors are demanding to take on US energy credit risk has never been higher. However, if a new report from Deloitte proves true, this is far from enough as they forecast roughly a third of oil producers are at high risk of slipping into bankruptcy this year as low commodity prices crimp their access to cash and ability to cut debt…“2016 is the year of hard decisions, where it will all come to a head.”
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