Repsol hangs in the balance

A sword of Damocles is hanging over Spanish oil and gas company Repsol, as it waits to see how badly its balance sheet has been damaged by exposure to Argentina. In the meantime, the market has responded by trading the company’s bonds at junk level and, with the prospect of a rating downgrade looking increasingly likely, Repsol’s position is looking precarious.

Moody’s downgraded Repsol last December to Baa1, and placed the company on review for further downgrade. Last month, Standard & Poor’s

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here