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FITCH AND MOODY’S AFFIRM CEPSA RATINGS AND S&P LEAVES THEIR RATING UNCHANGED (Madrid, 7 April 2020)
Both Fitch and Moody’s affirmed Cepsa’s long term rating at BBB- and Baa3, respectively, with revised outlooks (from positive to stable and from stable to negative) as a result of the deteriorating global economic outlook following the coronavirus outbreak and the decrease in crude oil prices. S&P, to date, has taken no action concerning Cepsa’s rating.
Note: these credit ratings may be revised, suspended or withdrawn at any time by the respective rating agency.
- Standard & Poor's
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