|
|
 |
|
Viewing report
|
|
|
|
Atlantic Richfield & Vastar Put on Watch, BP Amoco Ratings Affirmed, Merger Talks Mar 99
Standard & Poors, March 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) March 31, 1999--Standard & Poor's today affirmed its ratings on BP Amoco PLC and its related entities (see list below). The outlook on BP Amoco PLC remains stable. At the same time, Standard & Poor's placed its ratings of Atlantic Richfield Co. (ARCO) and its related entities and Vastar Resources Inc. on CreditWatch with positive implications (See list below). The CreditWatch placement follows the announcement that London-based BP Amoco and Los Angeles, Calif.-based ARCO are in merger discussions. The transaction would form the world's second largest non-state oil company by market capitalization. The transaction would likely involve an all-stock purchase of ARCO estimated at $25 billion plus the assumption of about $7.7 billion in...
Action: On CreditWatch:Positive
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
