LNG player Total downgraded

Written by  John McKay
Thursday, 23 August 2012
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Aug 24 (LNGJ) - French energy company and LNG player Total has had its debt rating downgraded by US agency Moody's Investors Service to negative from stable. Moody's said the move reflects concern that the significant increase in investments made by Total in the past two years to give fresh impetus to its upstream growth strategy, has constrained the recovery in its credit metrics.

Last modified on Friday, 24 August 2012 04:46
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