Shell: S&P maintains credit rating, stable outlook
(CercleFinance.com) - S&P Global Ratings said on Monday it maintained its "AA-" rating on Anglo-Dutch oil and gas major Royal Dutch Shell, citing its "solid" fourth-quarter results.
The rating agency also confirmed its "stable" outlook for the energy giant, saying that the company's quarterly performance was "generally in line" with its expectations.
In a statement, S&P pointed out that leeway in its rating remains "modest," particularly given expectations of much lower oil prices for 2019-2020.
Shell "A" shares are up 1.3% at 27.5 euros on Euronext Amsterdam. today.
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