Tuesday, Jun 15, 2010
BP credit rating being downgraded to 2 level above junk
Bloomberg: BP’s Credit Rating Cut by Fitch to BBB, Two Levels Above ‘Junk’
June 15 (Bloomberg) -- BP Plc’s credit rating was cut to two levels above “junk” at Fitch Ratings on concern over the potential cost of cleaning up the Gulf of Mexico oil spill and meeting future liabilities.
BP’s long-term issuer default and senior unsecured ratings were lowered six levels to BBB from AA, Fitch said in a statement in London today. That follows a cut from AA+ on June 3. The rating watch was changed to “Evolving” from “Negative.”
Posted by simon68 @ 12:28 PM (332 views) Add Comment
1 Comment
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1. mark said...
if you are buying for dividends then buy vodafone, great stable company, they wont spill phones all over the gulf of mexico, they wont kill animals, best of all the dividend is 7%