BRIEF-S&P Ratings Revises BP PLC Outlook To Positive On Deleveraging, 'A-/A-2' Ratings Affirmed

BY Reuters | CORPORATE | 11:58 AM EDT

April 2 (Reuters) - S&P Ratings:

* S&P RATINGS: BP PLC OUTLOOK REVISED TO POSITIVE ON DELEVERAGING; 'A-/A-2' RATINGS AFFIRMED

* S&P ON BP: POSITIVE OUTLOOK REFLECTS POTENTIAL FOR AN UPGRADE IF FFO TO DEBT IS RESILIENTLY ABOVE 45% ON AVERAGE GIVEN BP'S INTEGRATED BUSINESS MODEL

* S&P: BP'S CREDIT METRICS LIKELY TO REMAIN WEAKER THAN THOSE OF HIGHER-RATED PEERS

* S&P: BP'S OVERALL PERFORMANCE IN 2026 WILL LIKELY BENEFIT FROM THE DISRUPTIONS IN THE MIDDLE EAST Further company coverage:

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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