Fitch Ratings Affirms OMV AG at A- with Stable Outlook-Reuters

Wednesday, 21 Aug 2013 04:55am EDT 

Reuters reported that Fitch Ratings has affirmed OMV AG's Long-term foreign currency Issuer Default Rating (IDR) at A- with a Stable Outlook. The rating affirmation follows OMV's announcement that it agreed to pay USD 2.65bn (EUR 2bn) plus an estimated USD 500m (EUR 375m) adjustment for 2013 to acquire several upstream oil and gas assets in the North Sea from Norway's Statoil ASA. 

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