STEVE INSKEEP, host:
NPR's business news starts with more pain for BP.
(Soundbite of music)
INSKEEP: You would think that one of the few guaranteed investments in the 21st century would be in an energy company, but apparently not when the company is BP and a Gulf oil spill continues. Two of the leading credit-rating agencies have now downgraded BP. Fitch and Moody's cited the costs of plugging the disastrous leak in the Gulf of Mexico, as well as the cleanup. Fitch estimates the cost could approach $3 billion this year. Long term, other analysts say BP may have to shell out as much as $40 billion.
Copyright © 2010 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.