Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Mercado Continuo Espanol  >  Repsol SA    REP   ES0173516115

REPSOL SA (REP)

End-of-day quote. End-of-day quote  - 07/27
11.65 EUR   +0.91%
07/22 REPSOL : Total et Repsol "n’ont aucune chance" de gagner l&rsq..
07/21 REPSOL : Total et Respol "n’ont aucune chance" de gagner l&rsq..
07/12 ILO, Firms Seal Pact On Global Business, Disability Network Chart..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Moody's Cuts YPF Rating on Debt Concerns

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/13/2012 | 01:15am CEST

--Moody's downgrades YPF, citing debt challenges

--YPF needs foreign currency to make debt payments

--It is unclear where YPF will get funds for big investment plan

Moody's Investors Service has downgraded YPF SA (YPF, YPFD.BA), Argentina's biggest oil and gas producer, one notch further into junk territory, highlighting the company's debt challenges.

Moody's said Tuesday that YPF is taking on debt and that it continues to face challenges meeting short-term debt obligations.

The ratings company lowered YPF's global local currency rating to Caa1, seven levels into junk territory. The outlook is stable.

Moody's said YPF's need for foreign currency to pay its debt raises the "risk of a debt restructuring that would result in losses to creditors and prompt a distressed exchange default."

Last month, Argentina's government expropriated a 51% stake in YPF from Spain's Repsol YPF SA (>> Repsol YPF SA) in a dispute over investment and declining production.

Moody's said YPF's exposure to change-of-control and nationalization clauses as a result of the ownership transfer is "an immediate concern."

The ratings firm also said a change-of-control or nationalization could be deemed an event of default under certain debt agreements and lead to acceleration rights. About $1.6 billion of YPF's debt obligations were subject to these clauses, as of May 16.

Moody's said YPF hasn't received default or acceleration notices on any of its debt obligations, but YPF heavily relies on short-term debt.

Last week, YPF said it would invest $35 billion to boost oil and gas production, but it is unclear where it will get that money.

Meanwhile, investors have been dumping YPF stock on concern about its future. YPF's shares traded in New York fell almost 8% to $10.25 Tuesday, valuing the company at about $4 billion.

A year ago YPF's New York shares traded at more than $46.

YPF is struggling to boost declining output while also meeting the government's goal of keeping energy prices dirt cheap.

Energy analysts, including eight former Argentine energy secretaries, say these twins goals are incompatible and that raising output will require raising oil and gas prices to fund the investment.

--Taos Turner in Buenos Aires contributed to this article

Write to Nathalie Tadena at nathalie.tadena@dowjones.com

Stocks mentioned in the article : Repsol YPF SA
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on REPSOL SA
07/22 REPSOL : Total et Repsol "n’ont aucune chance" de gagner l’arbitrage..
07/21 REPSOL : Total et Respol "n’ont aucune chance" de gagner l’arbitrage..
07/13 REPSOL : North Sea deal secures 200 jobs at Bilfinger
07/12 ILO, Firms Seal Pact On Global Business, Disability Network Charter
07/12DJAmec Foster Wheeler Awarded Two North Sea Contracts
07/11 SONATRACH-TOTAL-REPSOL DISPUTE : All legal means to be mobilized for country int..
07/09 LITIGE AUTOUR DE LA TPE : Sonatrach se mobilise contre Total et Repsol
07/08 REPSOL : publishes a trading statement for 2Q2016
07/07 WILDCAT EXPLORATION : Oil Search Provides Exploration And Appraisal Drilling Upd..
07/06 REPSOL : The Company announces the closing of a paid up capital increase of 23,8..
More news
Sector news : Oil & Gas Refining and Marketing - NEC
07/27DJHESS : Posts Loss Amid Slowdown in Energy Market--Update
07/27DJHESS : Posts Loss Amid Slowdown in Energy Market
07/27 Cyprus says Statoil, Exxon, ENI, Total interested in offshore gas
07/27DJStatoil Cuts Spending After Posting a Net Loss
07/26DJOil Workers Strike Over Shell's Proposed Cuts
More sector news : Oil & Gas Refining and Marketing - NEC
News from SeekingAlpha
06/28 The Market Just Needed An Excuse
06/27 Amidst The Chaos, Repsol Deserves A Close Look
06/17 Repsol faces $5.5B arbitration claim from Sinopec
06/09 Repsol to abandon all remaining Chukchi Sea leases
06/01 Oil majors register for Mexico?s most lucrative offshore oil blocks
Advertisement
Financials (€)
Sales 2016 38 640 M
EBIT 2016 1 907 M
Net income 2016 1 245 M
Debt 2016 12 412 M
Yield 2016 5,71%
P/E ratio 2016 13,20
P/E ratio 2017 10,73
EV / Sales 2016 0,76x
EV / Sales 2017 0,62x
Capitalization 16 921 M
More Financials
Chart REPSOL SA
Duration : Period :
Repsol SA Technical Analysis Chart | REP | ES0173516115 | 4-Traders
Full-screen chart
Technical analysis trends REPSOL SA
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 35
Average target price 12,3 €
Spread / Average Target 6,1%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Josu Jon Imaz San Miguel Chief Executive Officer & Executive Director
Antonio Brufau Niubó Chairman
Miguel Martínez San Martín Chief Financial Officer
Luis Suárez de Lezo Mantilla Secretary, Executive Director & General Counsel
Luís Carlos Croissier Batista Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
REPSOL SA18.38%18 605
EXXON MOBIL CORPORATIO..17.42%379 539
ROYAL DUTCH SHELL A16.88%221 157
BP PLC24.39%107 263
CHINA PETROLEUM & CHEM..-2.82%88 325
SAUDI BASIC INDUSTRIES..--.--%66 995
More Results