S&P changes BP view

S&P said it revised its outlook on BP plc to positive from stable and affirmed the company’s A- rating.

The outlook is positive because S&P anticipates the likelihood that BP's metrics will improve in the next 12 months to 24 months with funds from operations to debt rising to sustainably above 40%.

BP’s operating performance continues to be robust amid supportive industry conditions and the company’s commitment to reduce debt, S&P said in a news release.

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