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22 Jan 2016
Santos notes that Standard and Poor's ratings Services (S&P) has revised Santos' long-term senior unsecured credit rating from BBB to BBB-.
Santos' credit rating remains investment grade and there is no material change in Santos' financial position as a result of the announcement from S&P.
None of the company's existing drawn or undrawn debt facilities contain any credit rating-related covenant triggers or review events.
Santos Executive Chairman Peter Coates said that driving further cost reductions and operating efficiencies remained Santos' primary focus, and that the company was well placed to withstand an extended period of low oil prices.
The company's liquidity and net debt position is set out on page 2 of its Fourth Quarter Activities Report which was released to the ASX this morning.
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Santos Limited
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CODE : STO.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Santos is a oil exploration company based in Australia. Santos is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 14.8 billions as of today (US$ 10.0 billions, € 9.0 billions). Its stock quote reached its highest recent level on March 08, 2013 at AU$ 9.98, and its lowest recent point on September 19, 2024 at AU$ 7.09. Santos has 2 082 909 952 shares outstanding. |