Tag: gas - oil

• Friday, March 23rd 2012 - 22:56 UTC

  Fitch lowers Repsol-YPF rating; growing intervention of Argentine government feared

  

  Fitch Ratings has lowered its long-term rating on Spanish oil company Repsol YPF SA by one notch to BBB after its Argentine unit said it would pay out its dividend in shares instead of cash. Last week Moody’s adopted a similar decision. The company is currently in a dispute with the Argentine government.