Home   >   Business   >   Business News   >   201411
S&P Cuts Tullow Oil Rating On Ghana Exposure   
 
  << Prev  |  Next >>
 
20-Nov-2014  
Comments ( 0 )     Email    Print
       
 
 
 
 
 
Related Stories
 
Standard & Poor's on Tuesday said it had lowered its credit rating for British oil and gas explorer Tullow Oil after it announced a review of its African business which would increase its exposure to Ghana.

The recent sharp declines in oil prices put further pressure on Tullow's profits outlook, S&P said, after it cut its long-term corporate credit rating for Tullow to "BB-" from "BB".

"Tullow Oil has recently announced potential adjustment in its investment plans, which could increase Tullow's exposure to Ghana. We consider that this represents a rating constraint," the rating agency said in a statement.
 
 
Source: Reuters
 
 

Comments ( 0 ): Post Your Comments >>

 
 
 
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
 
 
Featured Video