OGX Falls Out of Single-B

Jun 17, 2013

Following its controller’s selling of shares at near all-time low prices and a vague announcement about debt restructuring at all EBX companies, Fitch has chopped OGX to CCC from B minus. For the agency, the key concern is the “increased uncertainty” of Eike...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management