HOUSTON – Oil explorers have failed to pay $28.8 billion they owed to junk-bond investors this year, bringing the debt default rate among U.S. drillers to a record level, Fitch Ratings says. It’s a grim milestone for the industry that ran up a half-trillion dollars in corporate debt to pay for a shale drilling boom …
Source: FuelFix
3,103
Subscribe
0 Comments
Oldest
