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Forbes.com: S&P may still cut Shell Group entities

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Forbes.com: S&P may still cut Shell Group entities

Reuters, 05.28.04, 10:39 AM ET

Posted 29 May 04

(The following statement was released by the ratings agency)

NEW YORK, May 28 – Standard & Poor’s Ratings Services said today that, following the release of the Royal Dutch/Shell Group of Companies’ (Shell) audited 2003 annual report, its ‘AA+’ long-term ratings on Shell and the group’s fully owned subsidiaries Shell Oil Co., Shell Petroleum N.V., and Shell Petroleum Co., Ltd., remain on CreditWatch with negative implications, where they were placed on Jan. 9, 2004.
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