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BP Downgraded By Fitch From AA+ To AA, On Watch Negative

Tyler Durden's picture




 

Value added from the rating agencies. We have to still see a CDS run on the name post the news, but it won't be tighter.

 

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Thu, 06/03/2010 - 08:35 | 391380 Popo
Popo's picture

AA?  ...Not bad for a soon to be insolvent company.

Thu, 06/03/2010 - 08:44 | 391404 Mitchman
Mitchman's picture

Well,  given what happened with Anadarko yesterday, we can expect the stock to go up today.

Thu, 06/03/2010 - 08:52 | 391406 bada boom
bada boom's picture

At least their improving on the timing.  It only took 40+ days to realize that an uncontrolled flow of oil may hurt BP. 

When will they realize that the uncontrolled flow of debt from the US will hurt the country?

 

Thu, 06/03/2010 - 13:03 | 392115 dpr10
dpr10's picture

+1::))

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