Royal Dutch Shell Group .com

Reuters: S&P may cut ratings on Royal Dutch/Shell: “S&P said it may also cut its ratings on Shell units Shell Oil Co., Shell Petroleum NV and Shell Petroleum Co. Ltd.”: “New downward revisions in reserves represent the fifth such adjustment this year, S&P said in a statement. The latest revision could reduce Shell's proven reserves life to less than 10 years, it said.” (ShellNews.net)

 

Posted 30 Oct 04

 

NEW YORK, (Reuters) - Standard & Poor's on Friday said it may cut its long-term ratings on Royal Dutch/Shell Group citing new downward revisions to the group's proven oil reserves.

 

S&P said it may also cut its ratings on Shell units Shell Oil Co., Shell Petroleum NV and Shell Petroleum Co. Ltd. Royal Dutch/Shell and those units are rated "AA-plus," the second-highest rating.

 

New downward revisions in reserves represent the fifth such adjustment this year, S&P said in a statement. The latest revision could reduce Shell's proven reserves life to less than 10 years, it said.

 

http://www.reuters.com/financeNewsArticle.jhtml?type=bondsNews&storyID=6662330


Click here to return to Royal Dutch Shell Group .com