Oil crash could kill Exxon’s perfect AAA rating

Oil crash could kill Exxon’s perfect AAA rating

February 5, 2016
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By hellenicshippingnews Only three American companies can brag of a higher credit rating than the United States government: ExxonMobil, Microsoft and Johnson & Johnson. Soon that elite group could shrink to just two. Standard & Poor’s threatened on Tuesday to strip Exxon (XOM) of its perfect AAA credit rating. The ratings company placed Exxon on a negative … Read full story ›

Source:: Hellenic shipping news Oil