|Real-time - 03/03 11:39:17 am|
Royal Dutch Shell : S&P Places Shell, Total A+ Ratings on CreditWatch Negative on Greater Industry Risks
|01/27/2021 | 12:27am|
The rating agency said Tuesday that energy transition, price volatility, and weaker profitability are increasing risks for oil and gas producers.
S&P plans to resolve the CreditWatch placements within a few weeks, and will focus on the implications of the companies' recalibrated business risk profiles, as well as other aspects of their relative creditworthiness.
Shell's stock gained almost 1% and Total jumped over 2% on Tuesday's close.
Price (GBP): £1393.40, Change: £12.40, Percent Change: +0.90%