June 22, 2012 at 13:17 PM EDT
TEXT-S&P revises Repsol outlook to stable from negative
Overview -- The management of Spain-based energy company Repsol-YPF S.A. (Repsol) has outlined measures to reduce debt considerably in the coming quarters, while we continue to assess the company's liquidity as "adequate" under our criteria. -- In addition, we consider that Repsol's operating performance is supported by its international upstream business, and we envisage that its downstream business will remain resilient to the uncertain macroeconomic situation in Spain. -- W
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