BP Plc is planning to raise $50 billion to
cover the cost of the Gulf of Mexico oil spill, a
London newspaper reported Sunday, while the head of a $20 billion fund
to compensate victims of the accident vowed that eligible claims will be
paid quickly.

London's Sunday Times reported that BP plans to raise $10 billion from a bond
sale, $20 billion from banks and $20 billion from asset sales over the
next two years to cover the costs of the largest oil spill in U.S.
history.

The  newspaper did not cite its sources but said BP wants to raise the cash
in order to avoid its credit ratings from being weakened further.

 

Source