S&P changes GeoPark view to stable

S&P said it revised its outlook on GeoPark Ltd. to stable from negative and affirmed its global scale B+ issuer credit and issue-level ratings on the company.

S&P revised its crude oil price assumptions and now forecasts an average Brent price of $60 per barrel in 2021 and 2022.

“The crude oil prices' rapid recovery in the past few months and our expectation for the next two years should allow GeoPark Ltd. (GPRK) to post higher cash flows and reduce leverage,” S&P said in a news release.

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