Moody’s: Royal Dutch Shell to stable

Moody's Investors Service said it changed the outlook on the ratings of Royal Dutch Shell plc and its subsidiaries to stable from negative.

At the same time, the agency affirmed the Aa2 issuer rating, provisional Aa2 senior unsecured medium-term note program rating and Prime-1 commercial paper rating of Shell.

"We stabilized the outlook on Shell's Aa2 rating on expectations that its financial profile will improve into 2019 on the back of ongoing earnings and cash flow recovery and accelerated post-acquisition de-leveraging, funded by $30 billion of planned asset sales," Moody’s vice president, senior credit officer Elena Nadtotchi said in a news release.

Moody's also affirmed the Aa2 issuer rating of Shell Finance (Netherlands) BV, Aa3 issuer rating of Shell Oil Co. and A3 issuer rating of Shell Energy North America (US), LP.

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