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29.07.2014 16:23:00
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Moody's: Latin American national oil companies' credit quality to dip in next few years
Mexico, July 29, 2014 -- Latin America's national oil companies all face deteriorating credit metrics until about 2016, when oil and gas production will grow enough to improve their cash flow and financials, Moody's Investors Service says in a new report, "Latin American Oil and Gas Companies Face Risk from Push for Debt-Financed Growth." Companies are using debt to finance intensive capital spending programs.
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