Moody’s Ratings and the Oil Industry.
Moody’s is the bond credit rating business of Moody’s Corporation considered as one of the big three credit rating agencies which ranks the credit worthiness of borrowers using a standardized ratings scale that measures expected investor loss in the event of default.
After Motiva split, Saudi Aramco aims to buy more U.S. refineries
Saudi Arabia’s national oil company wants to buy more U.S. refining and chemical plants to expand its footprint in the world’s largest energy market once the break-up of its joint venture with Royal Dutch Shell Plc is complete, sources said.
Foxconn lowering offer for Japan’s Sharp: Yomiuri
Taiwan’s Foxconn is lowering an offer for loss-making Japanese electronics maker Sharp Corp (6753.T) from an initial plan of 489 billion yen ($4.4 billion), the Yomiuri newspaper reported on Sunday.