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Article: UBS: Steel, oil & gas players may face higher refinancing risk
- Article from:
- New Straits Times
- Article date:
- October 21, 2008
- Author:
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Francis Fernandez
New Straits Times
10-21-2008
UBS: Steel, oil & gas players may face higher refinancing risk
Byline: Francis Fernandez
Edition: Main/Lifestyle
Section: Business Times
Type: Company
BIG steel and oil and gas firms such as Kinsteel Bhd, KNM Bhd and the Scomi Group Bhd could potentially face higher than average refinancing risk in the coming year, UBS said in a report.
The report came nearly a week before bondholders of IJM Corp Bhd, the country's second largest builder, surprisingly shot down a capital repayment proposal.
Investment houses and investors alike have begun closely watching debt levels of companies, instead of merely their potential growth in terms of revenue ...