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BRIEF-Moody's says European E&P sector credit quality to strengthen into 2018 despite oil price volatility‍​
October 4, 2017 / 9:05 AM / a month ago

BRIEF-Moody's says European E&P sector credit quality to strengthen into 2018 despite oil price volatility‍​

Oct 4 (Reuters) - Moody‘s:

* Moody’s says European E&P sector credit quality to strengthen into 2018 despite oil price volatility ‍​

* Moody’s says credit quality will strengthen for Europe’s E&P sector into 2018 as companies de-lever and bolster their liquidity‍​

* Says European E&P sector’s credit quality to improve in 2017-18 as expected performance, cash flow improvements drive deleveraging, boost liquidity‍​

* Moody's says presence in stronger geographies more important to E&P firms than geographic diversification, as it offers important tax, cost benefits Source text: (bit.ly/2hNacyu)

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