Second day of oil company downgrades from S&P
Yesterday, Standard & Poors lowered ratings and outlooks on European energy companies. Today, their US counterparts get the axe.
- Exxon's AAA rating goes to credit watch negative
- Conoco-Phillips on credit watch negative with A rating
- Apache downgraded to BBB from BBB+
- Mobile Corp's AAA rating on credit watch negative
- Marathon oil to BBB- from BBB
- Devon energy to BBB from BBB+
- Southwestern Energy to BB+ from BBB-
- Chevron to AA- from AA
- Hess to BBB- from BBB
Two of the few AAA-rated companies come under the glare and some major companies getting downgraded.
