Low oil price hits Dakota property debt

Mon, Jan 04, 2016 - 5:50 AM

Seattle

THE plunge in oil prices may jeopardise almost US$125 million of securitised loans backed by real estate in North Dakota, as drillers in the state scale back operations, Morningstar Credit Ratings LLC said.

The rating company said that the debt, which has been put on its

North Dakota debt
oil slump

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