Should investors brace for cash calls?

SINGAPORE (June 2): Funding issues made headlines late last year and early this year as the fall in oil prices caused global oil majors to slash their exploration and production budgets.

Sixty-six companies operating in the global oil and gas (O&G) sector defaulted last year, according to a Feb 15 report by Moody’s Investor Services, accounting for 46% of non-financial corporate defaults.

The metals and mining sector followed with 16 defaults, or 11% of the total. Last year’s global default tally was also the highest since 2009.

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