Fitch: Credit-quality outlook mostly stable

Barring any substantial drops in crude prices, corporate credit profiles should remain in line with 2009 levels across the oil and gas industry this year, except for the refining and service and supply businesses, reported Fitch Ratings in its 2010 oil and gas outlook.Inflationary expectations and "significant amounts of liquidity" injected in global financial markets will likely keep crude prices above levels justified by supply and demand fundamentals, with improved cash flows and credit profiles for upstream, oil-focused companies, said Fitch analysts, who assume global economies will have weak, but positive growth this year without a "double-dip" into recession. Fi...

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