Hart's Petroleum Finance Week, March 20th, 2000
Standard and Poor's Corp. and Moody's Investors Services both affirmed their ratings of BP Amoco Plc. (NYSE: BPA) after the London multinational oil company agreed to buy U.K. lubricants and chemicals manufacturer Burmah Castrol Plc. S&P also placed its assessments of Burmah Castrol on watch with positive implications, saying that, depending on B.P. Amoco's integration plan, the ratings on Burmah Castrol could be equalized with those of the larger company. It affirmed its Double A-Plus rating of B.P. Amoco's long- term corporate credit and senior unsecured debt.
S&P might raise Burmah...
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