Nov. 4 (Bloomberg) -- Repsol YPF SA, Spain’s largest oil company, hired former Citigroup Inc. executive Carlos Lopez Jall as head of financing.

Lopez Jall, 46, will be in charge of project financing and raising money through the bond and loan markets, the Madrid- based company said in statement. Lopez, who was Citigroup’s head of fixed-income capital markets for Spain, will report to Walter Forwood, Repsol’s corporate financial director.

Moody’s Investors Service ranks Repsol at Baa1, the third- lowest investment grade. The ratings firm put the debt ranking on “negative outlook” in September as operating profit fell 58 percent in the first-half on lower oil and gas prices.

For Related News and Information: Top energy stories: ETOP <GO> Repsol stories: REP SM <Equity> CN BN <GO> Repsol peer product comparison: REP SM <Equity> PPC <GO>

Last Updated: November 4, 2009 05:32 EST