Fitch: Outlook for Latin American Oil and Gas Remains Negative

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has published a new report on the 2016 Outlook for the Latin American Oil and Gas sector.

Fitch expects pressure from lower crude prices to continue negatively affecting equity prices and credit spreads for Latin American integrated, exploration and production (E&P), and drilling and service companies. Fitch's Rating Outlooks for companies in the region are negative, primarily due to the deeper and longer-than-anticipated downturn in the industry as well as macroeconomic headwinds in the region. Fitch expects this pressure to continue affecting high-yield E&P and services issuers more severely.

The full report 'Outlook 2016: Latin American Oil and Gas' is available at 'www.fitchratings.com'.

Additional information is available on www.fitchratings.com

2016 Outlook: Latin American Oil and Gas (Lower Oil Prices for Longer)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=874075

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View source version on businesswire.com: http://www.businesswire.com/news/home/20151125005445/en/

Fitch Ratings
Primary Analyst
Lucas Aristizabal
Senior Director
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Fitch Ratings, Inc.
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Chicago, IL 60602
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Source: Fitch Ratings

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