LONDON, Feb 2 (Reuters) - The cost of insuring exposure tothe debt of six integrated European oil and gas companies roseby as much as 32 basis points on Tuesday after ratings actionsby Standard & Poor's and BP's worst annual loss in over 20years.
Standard & Poor's cut its rating on Royal Dutch Shell on Monday and put it together with five other companieson creditwatch with negative implications.
Data from Markit showed that five-year credit default swaps(CDS) for Shell rose 11 basis points on the day to 140 basispoints (bps).
BP's CDS rose 14 bps to 152 bps after reporting itsworst annual loss in over 20 years in 2015.
CDS for Spain's Repsol jumped 32 basis points to411 bps. Meanwhile CDS for Total, ENI andStatoil rose between 10 and 11 basis points. (Reporting by Claire Milhench, editing by Karin Strohecker)
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