‘Stable’ Santos (ASX:STO) share price falls after first-time Fitch rating

The Santos Ltd (ASX: STO) share price is falling today after global ratings agency Fitch issued it with a first-time rating.

The Santos share price is down 1.19% at the time of writing, trading at $7.07 per share.

Santos is one of the leading independent oil and gas producers in the Asia-Pacific region, providing energy to homes, businesses and major industries across Australia and Asia.

Fitch Ratings is a leading provider of credit ratings, commentary and research for global capital markets.

What is the Santos Fitch rating?

Fitch Ratings has assigned Santos Limited a first-time rating of ‘BBB’ with a Stable Outlook….