S&P Ratings Revises BP PLC Outlook To Positive On Deleveraging, 'A-/A-2' Ratings Affirmed

April 2 (Reuters) - S&P Ratings:

• S&P RATINGS: BP PLC OUTLOOK REVISED TO POSITIVE ON DELEVERAGING; 'A-/A-2' RATINGS AFFIRMED

• S&P ON BP: POSITIVE OUTLOOK REFLECTS POTENTIAL FOR AN UPGRADE IF FFO TO DEBT IS RESILIENTLY ABOVE 45% ON AVERAGE GIVEN BP'S INTEGRATED BUSINESS MODEL

• S&P: BP'S CREDIT METRICS LIKELY TO REMAIN WEAKER THAN THOSE OF HIGHER-RATED PEERS

• S&P: BP'S OVERALL PERFORMANCE IN 2026 WILL LIKELY BENEFIT FROM THE DISRUPTIONS IN THE MIDDLE EAST