http://www.guardian.co.uk/business/2010/jun/03/bp-credit-rating-downgradedsoon to be downgraded to murdering jailbird scumsuckers.does crime pay,bootheel??? you gonna let them kill for profit.and get away with it???
Yep, all the way down to___ one notch___to AA.Doesn't sound too serious.
You may have missed this part:"Fitch, which cut BP to AA from AA+, also lowered its outlook on BP's debt from stable to negative, suggesting that the company might suffer a further downgrade if the costs of cleaning up the oil leak in the Gulf of Mexico continue to escalate."Salazar says they're escalating.
The downgrade will hurt them by raising their borrowing costs.
And today, they start borrowing.I bet those banks are driving hard bargains.
smart fishermen in the gulf should put skimmer pumps on there boats and pick up a few 100 barrels of oil. Easy money.
Nope, not when you can sit on your porch waiting for the check to arrive.