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Fitch Revises BP Plc's Outlook To Stable; IDR Affirmed At 'A'-Reuters


Wednesday, 22 May 2013 06:15am EDT 

Reuters reported that Fitch Ratings has revised the outlook on BP Plc's Long-term Issuer Default Rating (IDR) to Stable from Positive. Fitch is revising the outlook on BP's Long-term IDR to Stable from Positive because it believes that the likelihood the company will be able to settle all outstanding financial claims, beyond current provisions, for less than the additional USD15 billion it indicated as being necessary for an upgrade in the short term has significantly diminished since revising the outlook to positive in July 2012. 

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1 May 2015