Fitch cuts BP rating on oil spill risks

Posted by Washington Post: Juliet Eilperin on June 3rd, 2010
Agence France-Presse: International ratings agency Fitch on Thursday lowered BP's rating from "AA+" to "AA" and placed it on negative watch, citing risks arising from the Gulf of Mexico oil disaster. "Fitch Ratings has today downgraded BP plc's Long-term Issuer Default Rating and senior unsecured rating to 'AA' from 'AA+', respectively, and placed the ratings on Rating Watch Negative," the agency said in a statement. Fitch added that the ratings of senior unsecured issues from BP's capital markets ......

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