S&P Cuts Rompetrol To 'B', Puts It On Watch Negative On Political Risk

Standard & Poor's Ratings Services Wednesday cut its long-term corporate credit rating on Romanian oil refining and marketing company Rompetrol Group N.V. to 'B' from 'B+' and placed the rating on CreditWatch with negative implications, citing political risks."The downgrade reflects our concerns over the increased country and political risks between the company and the Romanian government as well as continued very weak operating performance," said Lucas Sevenin, Standard & Poor's credit ...

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