Tuesday, April 24, 2012

S&P downgrades Repsol’s rating; sees no compensation payment in near-term

YPF represents 50% Repsol hydrocarbons production and 40% of proven reserves Rating Agency S&P announced on Thursday it was downgrading Spain-based energy company Repsol-YPF after Argentina’s government announced the expropriation of 51% of its shares. The rating was lowered from BBB to BBB (minus), the agency said in a statement.

Source: http://en.mercopress.com/2012/04/24/s-p-downgrades-repsol-s-rating-sees-no-compensation-payment-in-near-term?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss

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