S&P lower oil price assumptions prompt rating actions on 14 European oil and gas exploration and production companies
DOWNGRADES: EnQuest PLC (ENQUF): Corporate Credit Rating Lowered To 'B' From 'B+', Outlook Negative; Tullow Oil (TUWLF): Corporate Credit Rating Lowered To 'B+' From 'BB-', Outlook Negative
OUTLOOK REVISIONS; CREDITWATCH PLACEMENT - BP PLC (BP): Outlook Revised To Negative, 'A/A-1' Corporate Credit Ratings Affirmed; Eni SpA (E): Outlook Revised To Negative, 'A-/A-2' Corporate Credit Ratings Affirmed; Nostrum Oil & Gas L.P.: Outlook Revised To Negative, 'B+' Corporate Credit Rating Affirmed; Repsol S.A. (REPYY): Outlook Revised To Negative, 'BBB-/A-3' Corporate Credit Ratings Affirmed; Statoil ASA (STO): Outlook Revised To Negative From Stable, 'AA-/A-1+' Corporate Credit Ratings Affirmed; Statoil Forsikring AS: Outlook Revised To Negative, 'A+' Corporate Credit Rating Affirmed; State Oil Company of Azerbaijan Republic: 'BB+' Corporate Credit Rating Placed On CreditWatch Negative; BG Energy Holdings Ltd.: 'A-' Long-Term Corporate Credit Rating Remains On CreditWatch Developing, 'A-2' Short-Term Rating On CreditWatch Positive
RATINGS AFFIRMED- Ithaca Energy Inc.: 'B' Corporate Credit Rating Affirmed, Outlook Negative; Kuwait Energy plc: 'B-' Corporate Credit Rating Affirmed, Outlook Stable; MOL Hungarian Oil and Gas PLC: ' BB' Corporate Credit Rating Affirmed, Outlook Positive; Royal Dutch Shell (RDS.A): 'AA-/A-1+' Corporate Credit Ratings Affirmed; Outlook Negative; Total S.A. (TOT): 'AA-/A-1+' Corporate Credit Ratings Affirmed; Outlook Negative