The low credit rating of BP (NYSE:BP) which makes debt expensive for them, along with increasing costs of doing business, as in the rising insurance rates.
One means of raising capital to deal with the cleanup costs and current and future liabilities would be to sell off assets, which they're looking at doing, but that takes time, and that doesn't change the need to negotiate to get the best deal they can.
If they don't do that, they could end up with far less to work with than they hoped, which would take away a lot from the purpose of divesting of the assets in the first place.
Equity financing would be out of the question concerning their stock, as share price continues to plummet, so some are thinking alternative equity-related financing, possibly via a sovereign wealth fund would be the way to go.
BP maintains it's on solid financial ground, but the numbers aren't making sense as time goes on, and they're sure to need some round of financing that they can afford, and equity would be the most healthy for the company, as well as the quickest way to do it.
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