EnergyWatch

Welltec could take a beating from ratings agencies

Although the company has just completed a successful debt refinancing, ratings bureau Moody's is ready to once again downgrade struggling oil venture Welltec.

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Ratings agencies are keeping an eye on Denmark's former oil success story Welltec.

If the company is not able to reduce its high gearing, Moody's might respond by downgrading Welltec's credit rating.

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