NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases KBRA Clips/Podcast: KBRA Zooms in on Canadian Energy. In this podcast update, KBRA’s Sovereigns Rating Group Managing Director Joan Feldbaum-Vidra and Corporates Senior Director Corinne Hill discuss their latest report focusing on Canadian Energy. This commentary builds on KBRA’s emphasis on bringing together viewpoints and expertise from across the company in order to maximize analytical depth.
The main takeaways include:
- Recent trends in KBRA’s sample portfolio of 60 Canadian energy companies reflect recovery in credit quality.
- Widening oil price differentials in 2018 created a sense of urgency to address structural problems.
- Proactive policy developments—including actions by both the federal government and the Province of Alberta—reflect the importance of Canada’s energy sector, support growth, stabilized prices in the short term and, over the long term, could help solve structural bottlenecks.
- The introduction of new pipelines, additional rail capacity, and expanded domestic refinery operations are required for Canada to regain its position as a strong energy exporter.
To listen to the podcast, click here.
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KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.