This rate is higher than the rating agency#39;s previous expectation of 2.2x (times), shrinking the already-low headroom for OIL#39;s #39;BBB-#39; standalone credit profile as Fitch#39;s current negative rating norms for net leverage is 2.5 times.OIL share buyback may weaken its financial profile: Fitch
This rate is higher than the rating agency#39;s previous expectation of 2.2x (times), shrinking the already-low headroom for OIL#39;s #39;BBB-#39; standalone credit profile as Fitch#39;s current negative rating norms for net leverage is 2.5 times.
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