Commodity Trade Mantra

Posts Tagged ‘Credit Downgrade’

Oil Bust Spreads: Credit Downgraded Of 11 Texas Towns

The Moody’s ratings have little forward-looking value, and are more a reflection of what the market already knows—that times are tough, and lending in this industry—or within the geographical boundaries of oil-dependent locations—comes at a risk. Moody’s will consider the oil downturn and the ability of each government to adapt in this difficult environment.

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