| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for MIE Holdings Corp. > News item |
S&P rates MIE notes B+
Standard & Poor's said that it assigned a B+ long-term corporate credit rating to MIE Holdings Co. Ltd.
The outlook is stable.
S&P assigned a B+ issue rating to the company's proposed issue of dollar-denominated senior notes.
The ratings on MIE reflect the company's exposure to cyclicality in the oil and gas upstream industry, weak competitive position, expansion- and acquisition-related execution risk and its less-than-adequate liquidity, the agency said.
The ratings consider the company's proven record of operation in Chinese oilfields and favorable production sharing contracts with PetroChina Co. Ltd., the agency added.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.