S&P Lowers Shell's Rating, Puts Other Oil Majors on Watch

  • Other Europe-based integrated majors may be downgraded
  • Spending cuts, cost savings not matching price drop, S&P says

Inside the Faltering Oil Rally

Royal Dutch Shell Plc had its debt rating cut to the lowest since Standard & Poor’s began coverage in 1990, and downgrades of several other major European oil and gas companies will probably follow in coming weeks.

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