LNG Projects Sap Australian Firms' Financial Health, Fitch Says

摘要

Australian upstream firms are likely to see their financial health deteriorate this year as they are increasingly forced to rely on debt- funded capital spending to finance planned LNG projects, ratings agency Fitch says. “The significant project pipeline implies an increasing dependence on external borrowings to fund capex and dividend commitments,” Fitch said in its new Australian oil and gas 2011 outlook, which it rated negative.