(ADPnews) - Apr 11, 2011 - Moody's upgraded on Friday the rating outlook on Spanish oil and gas company Repsol YPF (MCE:REP) to "stable" from "negative" including Repsol's Baa1 issuer rating, the Baa1/P-2 senior unsecured debt ratings on Repsol International Finance B.V. and the Baa3 preferred stock rating on Repsol International Capital Limited.
The outlook revision follows a capital hike of USD 7.1 billion (EUR 4.91bn) Repsol Brasil made in December 2010 which was subscribed in its entirety by Chinese petrochemical firm Sinopec (SHA:600688), and Repsol's sell-down of the stake in Argentine subsidiary YPF (BUE:YPFD) to 68.2%. The marked …
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