Moody's: Husky Energy view negative

Moody's Investors Service said it changed Husky Energy Inc.'s outlook to negative from stable and affirmed the company's Baa2 senior unsecured rating.

The negative outlook reflects the agency's expectation that Husky's leverage will continue to increase as the company funds its capital-intensive, longer cycle production and development program and its finding and development costs remain high.

The agency said the outlook also reflects the uncertainty surrounding the company's southeast Asian assets, which Moody's expects may be spun off possibly with no benefit to Husky's bondholders.

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