S&P lifts MOL view to negative

Standard & Poor's said it revised the outlook on MOL Hungarian Oil and Gas plc to negative from stable.

The agency also said it affirmed the company's BB+ long-term corporate credit ratings.

The outlook revision follows the revision of the outlook on Hungary, S&P said.

The outlook revision also considers increased risks that a tightening fiscal environment, deteriorating operating conditions and other regulatory changes could constrain MOL's cash-generating capacity, the agency said.

Worsening operating conditions in Hungary could hurt MOL's profit and cash-flow generation ability, but even in a stressed scenario MOL should still be able to meet its financial obligations, S&P said.

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