BP rocked by ratings downgrades over oil spill disaster

Agence France-Presse: British energy giant BP was hit Thursday by two ratings downgrades over the Gulf of Mexico oil disaster and admitted that it had been ill-prepared for the worst spill in US history. International ratings agency Fitch said it had cut BP's long-term issuer default rating and senior unsecured rating from AA+ to AA and had placed them on negative watch, citing risks from the enormous oil spill. "The downgrade of BP's ratings reflects Fitch's opinion that risks to both BP's business ......

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