BRIEF-Moody's says credit quality to remain weak for LatAm national oil companies

lunes 13 de junio de 2016 11:42 GYT
 

June 13 (Reuters) - Moody's:

* Moody's: credit quality to remain weak for Latin American national oil companies

* Credit quality to remain weak for Latin American national oil companies through at least mid-2017, as they are hampered by weak liquidity

* Asset sales, reduced operating spending through mid-2017 will lead to execution risks

* Since no Latin American NOC has enough cash to cover negative free cash flow in the next few years, credit metrics will worsen for all Source text for Eikon: