Fitch affirms Aker

Fitch Ratings said it affirmed Aker Solutions ASA's long-term issuer default rating and senior unsecured rating at BB+ with a stable outlook.

The ratings affirmation reflects Aker Solutions' leading position in niche segments of the oilfield services sector, its strong technological expertise and experience of large, complex projects in harsh environments globally, the agency noted.

The ratings are constrained by earnings volatility in the oil and gas industry and a reliance on cyclical spending plans, Fitch said.

© 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.