Fitch slashes BP’s rating by six notches

By Andy Rice 15 June 2010

Fitch has downgraded BP's credit rating to BBB from AA, a massive six-notch drop. The company can probably look forward to also having its ratings cut by the other major agencies, over concerns that BP will have to stump up a lot more cash to make the oil spill go away.

Gallery

#10XDMGathering LIVE STREAM

2018 Media Gathering, live from Cape Town International Convention Centre

By Daily Maverick

The filming of The Beach permanently damaged the ecosystem on the Thai island it was located on.

0