Dutch oil giant Shell has lost its triple-A ratings from all three major rating agencies. Fitch and S&P downgraded its senior unsecured debt to AA+, while Moody’s downgraded the long-term debt ratings of its guaranteed subsidiaries from Aaa to Aa1. Shell has e3.9 billion of bond debt outstanding. There are now only 11 triple-A rated corporate credits.
Shell is beset by problems stemming from its persistent overstatement of its oil reserves up until January this year. The investor community wa
The week on Risk.net, July 7-13, 2018Receive this by email