By RUPERT STEINER FOR THE DAILY MAIL: 19 February 2016
Royal Dutch Shell has seen its credit rating slashed following its £36billion takeover of gas giant BG Group.
The credit score of the FTSE 100 oil company – a barometer of its financial strength – was lowered by Fitch from AA to AA-.
Ratings agency Fitch said its outlook on Shell was ‘negative’ in a sign a further cut could follow.
Shell used some of its cash reserves to fund the takeover of BG. Following the completion of the mega-deal on Monday, Shell plans to sell £20billion of assets in the next three years.
However, Fitch warned it downgraded its view on the company because Shell (down 26.5p to 1560.5p) had ‘materially missed the targeted level’ of sell-offs so far.
Rival rating agency Standard & Poor’s earlier this month warned of the ‘significant likelihood’ that it will cut the rating of several large oil companies.
Moody’s last month said it is reviewing the credit scores of 175 oil, gas and mining stocks due to the prolonged commodities price rout.
The oil price is close to a 12-year low. The North Sea industry is in crisis as thousands of workers are laid off and salaries cut.
The global mining sector has also been hit by the slump in commodity prices, dragged down by slowing demand from China, the biggest consumer of commodities such as iron ore and aluminium.
Major oil and mining companies, including Shell, BP, Anglo American and Glencore, have had to sell assets worth billions, slash headcount, record billions of pounds of write-down on the value of their assets and shrink their costs.
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This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
