After BP's (NYSE:BP) settlement with Anadarko (NYSE:APC), Moody's (NYSE:MC) said it is maintaining its A2 rating and stable outlook on the company.
Moody's Senior Credit Officer Francois Lauras said, "Clearly the settlement falls short of a full pro-rata recovery of the costs already incurred or provided for by BP in connection with the Macondo accident. Nevertheless, it is within the range of outcomes that we have factored into the group's A2 rating."
Lauras added it shores up BP's assertion its contractors and partners bear responsibility in the failure of the Macondo oil well.
Major companies left to come to a settlement with BP are Halliburton (NYSE:HAL), Transocean (NYSE:RIG) and Cameron International (NYSE:CAM). Weathorford International (NYSE:WFT) and Mitsui have already entered into an agreement with BP.
BP was trading at $40.72, gaining $0.55, or 1.37 percent, as of 2:03 PM EDT.
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