Exxon Mobil’s credit was put on CreditWatch with negative implications by Standard & Poor’s. This is the first step in what could be a removal of the AAA rating from the oil giant. The credit rating agency took negative actions against 20 energy companies, including Exxon, as oil prices have deteriorated the past 15 months.
Exxon Mobil nearly stripped of AAA rating
This is a great example of enterprise risk.
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