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Moody’s flags oil majors’ rising credit risk after Shell ruling

REUTERS

Moody’s flags oil majors’ rising credit risk after Shell ruling

LONDON, May 28 (Reuters) – Credit rating agency Moody’s said on Friday that the credit risk of major oil producers has increased with recent events including Royal Dutch Shell losing a Dutch climate lawsuit this week and Exxon losing a battle with shareholders.

(Reporting by Shadia Nasralla; editing by Jason Neely)

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