S&P revises Tullow Oil view to positive

S&P said it revised its outlook on Tullow Oil to positive from stable and affirmed the B+ long-term issuer credit rating.

S&P also affirmed its B+ rating on Tullow's senior secured debt and raised the rating on its senior unsecured debt to B+ from B.

“The outlook revision follows the change in our working assumption for oil prices for the rest of 2018 and 2019, as well as recent upgrade of Ghana,” S&P said in a news release.

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