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Moody's: Oil and shipping drag down bond market

Oil, gas, and shipping have boosted the issuing of corporate bonds to towering levels in recent years in the Nordic region, particularly in Norway. Now the opposite trend has begun.
Photo: Oslo Børs
Photo: Oslo Børs
by OLE ANDERSEN

The issuing of corporate bonds with high yields will remain at a low level for the next 12-18 months in Nordic countries as a result of the number of bonds in the oil and gas industry, as well as in shipping, dragging down the entire market, writes rating bureau Moody's in a note.

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