Moody’s downgrades BP’s rating to A2, stable outlook

Announcement: Correction to Text, March 23, 2021 Release: Moody’s downgrades BP’s rating to A2, stable outlookGlobal Credit Research – 09 Apr 2021London, 09 April 2021 — In the debt list, under Downgrades, removed “Calhoun (County of) TX, Nav. Ind. Dev. Auth., BACKED Other Short-Term Senior Unsecured Revenue Bonds, Downgraded to VMIG 2 from VMIG 1”; “California Pollution Control Financing Auth., BACKED Other Short-Term Senior Unsecured Revenue Bonds, Downgraded to P-2 from P-1”; “Delaware County Industrial Dev. Auth., PA, BACKED Other Short-Term Senior Unsecured Revenue Bonds, Downgraded to P-2 from P-1”; “Mississippi Business Finance Corporation, BACKED Other Short-Term Senior Unsecured Revenue Bonds, Downgraded to P-2 from P-1”; “Ohio (State of), BACKED Other Short-Term Senior Unsecured Revenue Bonds, Downgraded to VMIG 2 from VMIG 1”; “Port of Bellingham Industrial Dev. Corp., WA, BACKED Other Short-Term Senior Unsecured Revenue Bonds, Downgraded to P-2 from P-1”; and “Whiting (City of) IN, BACKED Other Short-Term Senior Unsecured Revenue Bonds, Downgraded to P-2 from P-1 and BACKED Other Short-Term Senior Unsecured Revenue Bonds, Downgraded to VMIG 2 from VMIG 1.” In the debt list, under Affirmations, added “Calhoun (County of) TX, Nav. Ind. Dev. Auth., BACKED Other Short-Term Senior Unsecured Revenue Bonds, Affirmed VMIG 1”; “California Pollution Control Financing Auth., BACKED Other Short-Term Senior Unsecured Revenue Bonds, Affirmed P-1”; “Delaware County Industrial Dev. Auth., PA, BACKED Other Short-Term Senior Unsecured Revenue Bonds, Affirmed P-1”; “Mississippi Business Finance Corporation, BACKED Other Short-Term Senior Unsecured Revenue Bonds, Affirmed P-1”; “Ohio (State of), BACKED Other Short-Term Senior Unsecured Revenue Bonds, Affirmed VMIG 1”; “Port of Bellingham Industrial Dev. Corp., WA, BACKED Other Short-Term Senior Unsecured Revenue Bonds, Affirmed P-1;” and “Whiting (City of) IN, BACKED Other Short-Term Senior Unsecured Revenue Bonds, Affirmed P-1 and BACKED Other Short-Term Senior Unsecured Revenue Bonds, Affirmed VMIG 1.”Please see the Issuer/Deal Research page on moodys.com or follow this link for the full corrected press release:https://www.moodys.com/research/–PR_442875This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history. Sven Reinke Senior Vice President Corporate Finance Group Moody’s Investors Service Ltd. 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