| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers I > Headlines for Imperial Oil Ltd. > News item |
DBRS lowers Imperial Oil
DBRS said it downgraded the issuer rating and unsecured debentures rating of Imperial Oil Ltd. to AA (low) from AA. All trends are negative.
The agency also removed from under review with negative implications, where they were placed on March 26.
DBRS said it sees the links between Exxon Mobil Corp., which owns 69.6% of Imperial, to be a key factor in the company’s ratings. The agency said it doesn’t consider a full recovery in Exxon’s key credit metrics to year-end levels of 2018 within the next two years as likely.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.