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S&P says low oil and gas prices are unlikely to dent project finance ratings, for now

The dramatic drop in oil and gas prices has sparked concern about a possible negative impact on global project financing. And while Standard & Poor’s credit analyst Karim Nassif says that the current low prices “are unlikely to have a widespread impact on the credit quality of global project finance debt over the next 18 months” in a recent report, if prices remain in the US$50 per barrel range for a sustained period (or fall further) then the “outlook may prove problematic”.

As well as addressing key questions about the effect on transportation, renewable and power projects, the report looks at the impact on some of the largest sponsors of oil and gas project finance.

The full report ‘Low Oil And Gas Prices Are Unlikely To Dent Most Global Project Finance Ratings, For Now’ can be viewed here.

Findings from the report were picked up by the following publications: Infrastructure Investor (Please note this link lies behind a paywall), Oilvoice, Oil Earth, The Economic Times India, CIP Financial, The UK News, Bunker Ports News Worldwide, Business Standard, Khaleej Times, The Hindu Business Line, Hellenic Shipping News and The Peninsula

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