$150 Oil Would Have Significant Negative Impact on US Corporate Borrowers
Posted on May 03, 2010 at 16:32 PM EDT
A significant spike in crude oil pricing to $150 a barrel remains a risk for U.S. corporate debt issuers, with airlines, trucking, chemicals and consumer goods most vulnerable to such a spike, according Fitch Ratings. Ethanol producers and railroads could potentially benefit from price increases. Fitch says that while much higher prices [...]