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SANTOS LIMITED — Capital/Financing Update 2016
Jan 21, 2016
65872_rns_2016-01-21_b6870bd8-7c84-4199-83f9-948554054159.pdf
Capital/Financing Update
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ASX/Media Release
22 January 2016
Santos maintains S&P investment grade credit rating
Santos notes that Standard and Poor’s ratings Services (S&P) has revised Santos’ long-term senior unsecured credit rating from BBB to BBB-.
Santos’ credit rating remains investment grade and there is no material change in Santos’ financial position as a result of the announcement from S&P.
None of the company’s existing drawn or undrawn debt facilities contain any credit rating-related covenant triggers or review events.
Santos Executive Chairman Peter Coates said that driving further cost reductions and operating efficiencies remained Santos’ primary focus, and that the company was well placed to withstand an extended period of low oil prices.
The company’s liquidity and net debt position is set out on page 2 of its Fourth Quarter Activities Report which was released to the ASX this morning.
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Media enquiries Chandran Vigneswaran +61 8 8116 5856 / +61 (0) 467 775 055 [email protected]
Investor enquiries Andrew Nairn +61 8 8116 5314 / +61 (0) 437 166 497 [email protected]
Santos Limited ABN 80 007 550 923 GPO Box 2455, Adelaide SA 5001 T: +61 8 8116 5000 / F: +61 8 8116 5131 www.santos.com