S&P gives Shell Group A+

S&P said it assigned its A+ long-term issuer credit rating to Shell Group Holding Ltd. (SGH), an intermediate holding company within the international energy group Shell plc, which the agency rates A+. The outlook is stable.

“SGH is a direct subsidiary of Shell plc and owns substantially the whole of Shell's assets. We therefore see this entity as core to Shell and equalize our ratings on SGH with those on Shell. We do not expect Shell to issue debt at this level,” the agency said in a statement.

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