LONDON (AFX) – Moody’s Investors Service said it downgraded the long-term debt ratings of the guaranteed subsidiaries of the Royal Dutch/Shell Group to Aa1 from Aaa, citing the group’s diminished prospects and positioning and its corporate governance problems following a series of reserve writedowns. Moody’s said it acted on a rating review initiated on Jan…
COMPANY: Royal Dutch/Shell ratings cut to Aa1 FROM Aaa by Moody’s, Fitch
Posted on April 28, 2004 by EnergyAsia