Welltec could take a beating from ratings agencies

Although the company has just completed a successful debt refinancing, ratings bureau Moody's is ready to once again downgrade struggling oil venture Welltec.

BY KASPER BRØNDGAARD ANDERSEN AND LEONORA BECK

Ratings agencies are keeping an eye on Denmark's former oil success story Welltec.

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Welltec hesitant to make promises for the future
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Welltec continues to battle with sales decline
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Welltec eyes still-challenging market in 2017
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