Moody’s downgraded global mining sector outlook on 22.9.22 tonegative from stable. The rating agency has changed outlook for the Global Metals and Mining industry from stable to negative. For 12 months ending June 23 the EBITDA is estimated to fall by 30% from 12 months ending June 22 which was record high. EBITDA will still be much above past ten year’s average. ---Mining.com on 22.9.2022
Moody’s has changed their outlook for the Global Energy sector to stable from positive. Moody’s has given outlook of Global Energy sector as strong in 2023 but earnings will not be as good as in 2022. Moody’s is more bullish on the oilfield services sector as compared to oil companies sector.---Oilprice.com on 22.9.2022
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