S&P revises Equinor view to stable

S&P said it revised Equinor ASA’s outlook to stable from negative and affirmed the AA- rating.

With a Brent oil price assumption of $60 per barrel (/bbl) and a Dutch title transfer facility gas assumption of $6 per one million British thermal units in 2021, along with Equinor’s continued focus on costs and efficiency, S&P said it forecasts FFO to debt will surpass 60% even if oil and gas prices are 10%-15% lower than its base case.

“We therefore see limited downside risk to the rating and have revised the outlook back to stable,” the agency said in a press release.

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