AFX News Limited: Royal Dutch Shell ratings outlook kept at negative by Moody’s
“It recalled that RDS recently announced that cost overruns on Phase 2 of the Sakhalin II liquefied natural gas project could potentially double the original total project costs to 20 bln usd through 2014.”
Wednesday 20 July 2005
AMSTERDAM (AFX) – Moody’s Investors Service said it kept a negative outlook on the Aa1 ratings of Royal Dutch Shell PLC following the oil company’s creation of a holding company to unify its dual ownership structure.
The credit ratings agency said it ‘is maintaining a negative outlook on RDS’s Aa1 long-term rating as it continues to gauge RDS’s upstream performance and the positioning of the Aa1 long-term rating relative to those of its strongest rated peer companies.’