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Santos credit rating safe for now, says Standard & Poor's

2015-02-04 11:43:47| Oil & Gas - Topix.net

Santos is in no immediate danger of a further cut to its credit rating despite last month's downgrading of crude oil prices, Standard & Poor's has declared. But S&P senior director Craig Parker said moves Santos had already taken to cut spending and add $1 billion of debt funding has put it on the way to achieving the financial ratios it needs for its negative outlook to be removed.

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