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FT: Royal Dutch Shell taken down a notch by S&P

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Screen Shot 2015-06-04 at 15.36.59The inability of oil prices to push on from the high for the year reached in early May has caught up with Royal Dutch Shell.

That’s the view of credit rating agency Standard & Poor’s, which on Tuesday cut its rating on the Anglo-Dutch oil major’s long-term credit rating to ‘AA-‘ from ‘AA’.

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