BUZZ-Brazil rating cut hits European oil & gas, consumer stocks

(Updates to add Edenred (Paris: FR0010908533 - news) , Telefonica (Amsterdam: TA6.AS - news) )

** Shares (Berlin: DI6.BE - news) of European companies with significant revenue exposure to Brazil off 2-3 pct on Thursday after S&P cut its rating on Latam's largest economy to "junk"

** Consumer staples, oil & gas cos and certain banks most affected Chart: http://link.reuters.com/dyz55w

** Edenred shares slide 5 pct. Brazil accounts for roughly half the company's operating profit

** Banco Santander (EUREX: 817651.EX - news) down 2.3 pct and easily the worst performer among regional banks

** Portugal's Galp Energia, which operates 27 exploration projects in Brazil, off 2 pct

** Anheuser Busch, which received a quarter of its revenue from Latam last year, off 2.2 pct in early trades

** French retailers Casino Guichard and Carrefour (Swiss: CA.SW - news) off 1.4 pct and 2 pct respectively. Casino received 51 pct of its 2014 revenue from Latam while 14 pct of Carrefour (Paris: FR0000120172 - news) 's annual sales came directly from Brazil, according to Thomson Reuters data

** Casino shares now down more than 30 pct YTD

** Royal Dutch Shell (Xetra: R6C1.DE - news) off 0.8 pct and down 1.6 pct in London and Amsterdam respectively. BG Group (LSE: BG.L - news) off 0.5 pct

** Weakness takes another bite out of oil services cos. Seadrill (Hamburg: 2171269.HM - news) off 5.6 pct while Subsea down 2.4 pct

** Unilever (NYSE: UL - news) , which Citi estimates gets about 8 pct of its revenue from Brazil, down 0.9 pct in London

** Also on the backfoot: Imperial Tobacco (LSE: IMT.L - news) , down 1.6 pct, Henkel (Other OTC: HELKF - news) down 0.9 pct, Telecom Italia (Other OTC: TIAJF - news) down 1 pct, Telefonica down 1.6 pct (RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)