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Moody's cuts CNRL's credit rating to one notch above junk

Moody's cuts CNRL's credit rating to one notch above junk

Canadian Natural Resources' credit rating was cut to Baa3 by Moody's Investors Services, just one notch above junk.

The ratings agency raised a red flag noting the company has declining cash flows and a rising high debt load. CNRL has been raising more debt in the public markets to fund the completion of its Horizon Mine expansion.

Husky prepared to balance books at $30 oil

Husky prepared to balance books at $30 oil

Low oil prices take a toll on Canada's largest bank

Low oil prices take a toll on Canada's largest bank

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