http://www.marketwatch.com/story/bp-credit-rating-slashed-by-fitch-2010-06-15?siteid=yhoof2
BBB from AA and put BP on negative watch from evolving. In particular, the recent claims by U.S. state and federal authorities that BP escrow significant sums pre-emptively, ahead of any agreed claims process, represent a material change in approach, should it ultimately prove a legally supportable move against the company. It also cited the indication from U.S. government scientists of a significantly higher spill rate than previously announced by all parties.
