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OIL

Santos' downside risk

SANTOS could face an even bigger rights issue at a deeper discount than the $2.5 billion one currently being undertaken to protect its credit rating if oil prices fall more than expected, RBC Capital Markets says.

Anthony Barich
Santos' downside risk

After Santos announced the results of its strategic review on Monday, RBC said that the firm still sees the oiler maintaining an investment grade credit rating under a forward curve scenario, however,...

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