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Oil companies bear brunt of price downgrades by credit, equity analysts

2015-09-28 10:48:52| Oil & Gas - Topix.net

Standard & Poor's latest downgrades to its oil price assumptions have weakened Origin Energy's credit standing, while the impact on pure-play oil and gas producers Woodside Petroleum and Santos remains uncertain. S&P has left Origin's BBB- rating unchanged but pointed to a "significant" reduction in the buffer the company has within that band, which is the lowest investment-grade rating.

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