Repsol S&P outlook

agrees on sale of its 20.07 % stake at €19/share

Repsol Obtains Improved Credit Rating Ahead Of Time

Standard & Poor’s has announced an upward revision in its long-term credit rating for Repsol from BBB- to BBB. It has also improved its short-term rating from A-3 to A-2, with both ratings assigned a stable outlook. S&P had already improved its outlook for the Spanish oil major from “stable” to “positive” in July, leaving the door open for a ratings upgrade.