S&P lowers Shell Energy

Standard & Poor’s said it lowered the long-term corporate credit rating on Shell Energy North America (US) LP (SENA) to A+ from AA- and removed it from CreditWatch, where it was placed with negative implications in April.

The outlook is negative.

The agency said it lowered the rating on SENA after lowering the long-term rating on its parent, Royal Dutch Shell plc, to AA- from AA on July 21.

SENA is highly strategic to the Shell group, which won’t change regardless of whether Royal Dutch Shell’s proposed acquisition of BG Group plc occurs or not, S&P said.

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