Overseas Shipholding Group (OSG) has been put on CreditWatch by the Standard & Poor’s rating agency which cites weaker finances and the prolonged low tanker market as the driving factors.

Trading in troubles waters.
All of OSG ratings have been put on CreditWatch with negative implications following the company’s more than $71m third quarter loss.

OSG has a ‘B’ long term corporate rating which now appears to be in danger.

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