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Fitch: Kosmos Energy on watch
Fitch Ratings said it placed Kosmos Energy Ltd.’s long-term issuer default rating of B on Rating Watch negative following the confirmation of damage to its infrastructure at the company’s offshore Jubilee oilfield in Ghana.
The agency said it aims to resolve the negative watch within the next six months when there is more clarity on the impact on Kosmos’s short- and long-term production, including leverage and liquidity.
These recent operational difficulties will largely be absorbed by insurance, Fitch said.
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