Oil companies’ 5-year CDS rise after S&P rating actions, BP loss -Markit

LONDON, Feb 2 (Reuters) – The cost of insuring exposure tothe debt of six integrated European oil and gas companies roseby as much as 32 basis points on Tuesday after ratings actionsby Standard & Poor’s and BP’s worst annual loss in over 20years.
Standard & Poor’s cut its rating on Royal Dutch Shell(Xetra: R6C1.DE – news)on Monday and put it together with five other companieson creditwatch with negative implications.
Data from Markit (NasdaqGS: MRKT –