One of the many clouds lingering over BP (NYSE:BP), Anadarko (NYSE:APC), Transocean (NYSE:RIG), Cameron International (NYSE:CAM) and Halliburton (NYSE:HAL), in the Deepwater Horizon oil rig explosion and resultant oil spill is how it will pressure the credit of the copmanies going forward.
BP is the obvious company whose liability and credit rating could be strongly impacted by the situation, although Anadarko Petroleum is the one company that has a lot of uncertainty connected to how it will play out with their credit rating, according to Moody's (NYSE:MCO).
Transocean could also be hit hard because of uncertainty about liability as well, which they may have a hard time meeting.
The strongest of the companies, Cameron International and Halliburton, should come out okay, as they won't bear the brunt of the responsibility in the incident, and they have strong insurance coverage and liquidity.
Even so, in situations like these, it's far from clear how things will play out until it all unfolds, casting a cloud on the overall credit situation for all of them.
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