Is The Worst Over For BP?

18 Jun 2010

Last week there seemed to be a consensus among the commentariat that BP PLC’s five-year spreads were overshooting significantly. A level of 500bp was outlandish for a AA credit.

--Gavan Nolan, credit analyst at Markit

Last week there seemed to be a consensus among the commentariat that BP PLC’s five-year spreads were overshooting significantly. A level of 500bp was outlandish for a AA credit.

Since then, the oil company has been downgraded six notches to BBB by Fitch and ...

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