Fitch downgrades Repsol rating to BBB- on fears of YPF seizure impact

Friday, June 8th 2012 - 21:06 UTC

Full article 6 comments

Repsol, the Spanish oil producer whose Argentine unit YPF was nationalized in April, was cut to the lowest investment grade by Fitch Ratings, the first downgrade since reducing dividends to shore up its finances. Read full article

Comments

Disclaimer & comment rules

briton
the dye is cast
a warning to all forieng investers in CFKS gravy train.
Jun 08th, 2012 - 10:51 pm - Link - Report abuse 0
-+
Conqueror
@1 Excuse me. It's a “die”. The singular of “dice”.
Jun 09th, 2012 - 02:49 pm - Link - Report abuse 0
-+
briton
thanks
Jun 09th, 2012 - 05:18 pm - Link - Report abuse 0
-+
British_Kirchnerist
This is why the capitalist are weaker really, they have no solidarity, instead of rallying round, the financial estblishment are turning on Repsol for having been nationalised! So much for the payback you were all waiting for =)
Jun 10th, 2012 - 11:53 am - Link - Report abuse 0
-+
RobWilliams
@4

I don't think you understand, the Ratings agencys are not corrupt and therefore won't distort or create positive figures just because they're “capitalist”, they post realistic figures no matter who they are rating.

They're not 'turning on' Repsol neither is there a lack of 'solidarity', it's called being legitimate and calling it as they see it. Unlike some people they see no benefit in making up financial figures as it's spineless.
Jun 10th, 2012 - 02:08 pm - Link - Report abuse 0
-+
British_Kirchnerist
Well if they're really unbiased perhaps the fear of them, which has been a driver of failed austerity policies, is misplaced...
Jun 11th, 2012 - 12:03 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!