12.02.2015 - Credit Investors Spurn Oil Sovereigns
As the oil tide recedes, oil-exporting sovereign entities have been treated with increasingly bearish sentiment by credit investors. Oil has seen its price halve since the end of July last year, from around $100 per barrel to around $50 today (WTI), compelling net exporters to rethink their budgets. Large sovereign wealth funds look to have buoyed Norway and Saudi Arabia as their CDS spread sits largely unmoved...............................................Full Article: Source
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