---
title: "S&P assesses the impact of oil and gas supply risks on non-financial companies in the Asia-Pacific region, finding that 15% may experience a deterioration in credit quality under worst-case scenarios"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283078010.md"
description: "S&P conducted a scenario analysis on non-financial companies in the Asia-Pacific region and found that if oil and gas supply is disrupted, credit quality may deteriorate. Assuming oil prices are $85 per barrel in the case of a swift resolution to the conflict, the proportion of affected companies is 9%; if the conflict prolongs, oil prices rise to $130, and the affected proportion increases to 15%. About 80% of companies are investment grade and have good financial flexibility, but if the disruption exceeds expectations, credit quality will be impacted more severely"
datetime: "2026-04-17T01:58:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283078010.md)
  - [en](https://longbridge.com/en/news/283078010.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283078010.md)
---

# S&P assesses the impact of oil and gas supply risks on non-financial companies in the Asia-Pacific region, finding that 15% may experience a deterioration in credit quality under worst-case scenarios

Rating agency Standard & Poor's conducted a scenario analysis on non-financial companies covered in half of the Asia-Pacific region, encompassing approximately 20 industries, testing potential supply chain disruptions, cost exposure to oil and gas and their derivatives, as well as the impacts of margin and liquidity pressures.

In the baseline scenario of "war quickly resolved," where Brent crude oil is priced at $85 per barrel for the remainder of this year and $70 next year, the proportion of companies facing deteriorating credit quality is 9%. In the scenario of prolonged conflict and energy shocks, where Brent crude oil is priced at $130 per barrel for the remainder of this year and $98 next year, that proportion rises to 15%. Both scenarios assume that the financing market remains operational and that Standard & Poor's does not take further negative sovereign rating actions.

The report indicates that approximately 80% of the companies rated in the Asia-Pacific region are investment grade. In the face of the immediate impacts of energy shocks, these companies possess good financial flexibility. However, if disruptions exceed the baseline scenario, the impact on credit quality in the coming months will be more pronounced

### Related Stocks

- [OXY.US](https://longbridge.com/en/quote/OXY.US.md)
- [399439.CN](https://longbridge.com/en/quote/399439.CN.md)
- [BNO.US](https://longbridge.com/en/quote/BNO.US.md)
- [OIH.US](https://longbridge.com/en/quote/OIH.US.md)
- [159181.CN](https://longbridge.com/en/quote/159181.CN.md)
- [VDE.US](https://longbridge.com/en/quote/VDE.US.md)
- [513350.CN](https://longbridge.com/en/quote/513350.CN.md)
- [IXC.US](https://longbridge.com/en/quote/IXC.US.md)
- [UCO.US](https://longbridge.com/en/quote/UCO.US.md)
- [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md)
- [XOP.US](https://longbridge.com/en/quote/XOP.US.md)
- [XLE.US](https://longbridge.com/en/quote/XLE.US.md)
- [XES.US](https://longbridge.com/en/quote/XES.US.md)
- [159518.CN](https://longbridge.com/en/quote/159518.CN.md)
- [IEO.US](https://longbridge.com/en/quote/IEO.US.md)
- [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md)
- [563150.CN](https://longbridge.com/en/quote/563150.CN.md)
- [USO.US](https://longbridge.com/en/quote/USO.US.md)
- [SPGI.US](https://longbridge.com/en/quote/SPGI.US.md)

## Related News & Research

- [Capital Economics sees oil at $150 per barrel through 2027 in an extreme case](https://longbridge.com/en/news/286549728.md)
- [LIVE MARKETS-One billion barrels lost, but it could have been worse](https://longbridge.com/en/news/286239314.md)
- [ROI-ENERGY WATCH: Alarms and clocks](https://longbridge.com/en/news/286796437.md)
- [Oil rises more than 1% after drone attack on UAE nuclear power plant](https://longbridge.com/en/news/286683769.md)
- [IEA chief Birol: commercial oil inventories depleting rapidly, only weeks left](https://longbridge.com/en/news/286746172.md)