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Bp Share News (BP.)
Share News for Bp (BP.)
| Share Price: 477.50 | Bid: 478.05 | Ask: 478.25 | Change: 0.00 (0.00%) |  | ||||||
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TEXT-S&P revises Jupiter Insurance otlk to positive; affirms 'A' rtg
Fri, 20th Jul 2012 10:22
(The following statement was released by the rating agency)
July 20 -
Overvie
-- Guernsey-based Jupiter Insurance Ltd. (Jupiter) qualifies as a captive insurer under Standard & Poor's methodology and as such is rated at a level commensurate with its parent, BP PLC.
-- We are therefore revising our outlook on Jupiter to positive from stable and affirming our 'A' long-term ratings on Jupiter following the same rating actions on BP.
-- The positive outlook on Jupiter reflects that on its parent.
Rating Action
On July 20, 2012, Standard & Poor's Ratings Services revised its outlook on Jupiter Insurance Ltd. to positive from stable. At the same time, we affirmed our 'A' long-term counterparty credit and insurer financial strength ratings on Jupiter.
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
(The following statement was released by the rating agency)
July 20 -
Overvie
w
-- Guernsey-based Jupiter Insurance Ltd. (Jupiter) qualifies as a captive insurer under Standard & Poor's methodology and as such is rated at a level commensurate with its parent, BP PLC.
-- We are therefore revising our outlook on Jupiter to positive from stable and affirming our 'A' long-term ratings on Jupiter following the same rating actions on BP.
-- The positive outlook on Jupiter reflects that on its parent.
Rating Action
On July 20, 2012, Standard & Poor's Ratings Services revised its outlook on Jupiter Insurance Ltd. to positive from stable. At the same time, we affirmed our 'A' long-term counterparty credit and insurer financial strength ratings on Jupiter.
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
UPDATE 4-Brazil to auction its biggest-ever oil find in October
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U.S. academics back BP in oil spill payouts battle
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