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Bulletin: BP 'A/A-1' Ratings And Outlook Unchanged On TNK-BP Sale And $8 Billion Share Buy-Back Announcement

Published Mar 25, 2013

1021 words — Published Mar 25, 2013

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Abstract:

LONDON (Standard&Poor's) March 25, 2013--Standard&Poor's Ratings Services said today that it has not changed its ratings and outlook on U.K.-headquartered oil major BP PLC (A/Positive/A-1) in light of BP's recent announcements. BP has completed the sale of its 50% stake in TNK-BP International Ltd. and has subsequently announced that it will buy back $8 billion of its shares over the next 12-18 months. From a weak level in 2012, our base-case scenario projects that BP's fully adjusted credit measures will strengthen over 2013 and 2014, taking the buy-back and likely lower Russian dividend stream into account. We continue to believe that we could raise the long-term rating by one notch if the ratio of funds from

Brief Excerpt:

RESEARCH Bulletin: BP 'A/A-1' Ratings And Outlook Unchanged On TNK-BP Sale And $8 Billion Share Buy-Back Announcement Publication date: 25-Mar-2013 Primary Credit Analyst: Simon Redmond, London (44) 20-7176-3683; simon_redmond@standardandpoors.com...

Report Type:

Bulletin

Ticker

BP/@LN

Issuer

BP PLC

GICS

Integrated Oil & Gas (10102010)

Sector

Global Issuers

Country

United Kingdom

Region

United States

Format:

HTML

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Bulletin: BP 'A/A-1' Ratings And Outlook Unchanged On TNK-BP Sale And $8 Billion Share Buy-Back Announcement" Mar 25, 2013. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-BP-A-A-1-Ratings-And-Outlook-Unchanged-On-TNK-BP-Sale-And-8-Billion-Share-Buy-Back-Announcement-1102090>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: BP 'A/A-1' Ratings And Outlook Unchanged On TNK-BP Sale And $8 Billion Share Buy-Back Announcement Mar 25, 2013. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-BP-A-A-1-Ratings-And-Outlook-Unchanged-On-TNK-BP-Sale-And-8-Billion-Share-Buy-Back-Announcement-1102090>

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