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03.07.2015 21:13:00
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BP p.l.c. -- Moody's changes outlook on BP Plc's A2 rating to positive following proposed Macondo settlement
London, 03 July 2015 -- Moody's Investors Service has today changed to positive from negative the outlook on the A2 long-term debt and Prime-1 commercial paper ratings of BP plc (BP) and its guaranteed subsidiaries. The outlook change follows BP's announcement of an $18.7 billion agreement in principle to settle all major federal, state and municipal claims against its wholly-owned subsidiary, BP Exploration and Production Inc (BPXP), related to the Macondo accident and oil spill of April 2010. At the same time, Moody's affirmed the ratings.
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