Apr 26

For The First Time Since The Great Depression, Exxon Mobil Loses ‘AAA’ Rating:

Exxon Mobil has been rate AAA by S&P since 1930 according to Bloomberg. Today that ended as the global crude explorer with sales that dwarf the economies of most nations was cut to AA+ (Outlook stable). Having been put on notice in February (negative watch), citing concern that credit measures would remain weak through 2018. XOM stock is sliding and weighing on The Dow (back below 18,000).

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One Response to “For The First Time Since The Great Depression, Exxon Mobil Loses ‘AAA’ Rating”

  1. Invest Now for Dividends Later | thansuor Says:

    […] For The First Time Since The Great Depression, Exxon Mobil Loses ‘AAA’ Rating […]

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