Fitch: LatAm Oil and Gas Face a Mixed Outlook for 2017; Positive Rating Actions Unlikely

CHICAGO–(BUSINESS WIRE)–While Fitch Ratings’ Latin American oil and gas sector outlook for 2017 has shifted to stable from negative on the expectation of a moderately slow global hydrocarbons price recovery, the ratings outlook remains negative. “Latin American national oil companies present relatively limited additional indebtedness capacity as debt balances for global sovereign owned entities has more than tripled over the last decade,” said Lucas Aristizabal, Senior Director. “This increas