S&P revises Talisman to negative

Standard & Poor's said it affirmed its BBB- long-term and A-3 short-term corporate credit ratings on Repsol SA and its subsidiary Talisman Energy Inc.

The outlook on Talisman was revised to negative from stable.

S&P said the revision of the outlook on Talisman to negative from stable, in line with that on its parent, reflects its assessment of Talisman as a core, integral subsidiary of Repsol. As a result, the agency sees Talisman as unlikely to be rated above its parent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.