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Oil downgrades mean more high-yield debt ahead

Companies that provide drilling services are most at risk from slide in crude oil prices

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Billions of dollars of energy debt could be downgraded into the US junk market over the next 12 months, much of it from an oil sector struggling with the steep drop in crude prices.

New York

BILLIONS of dollars of energy debt could be downgraded into the US junk market over the next 12 months, much of it from an oil sector struggling with the steep drop in crude prices.

With oil roughly 50 per cent less per barrel than just a few months ago - and no sign of a

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