S&P lifts Shell Energy North America

S&P said it raised Shell Energy North America (US) LP to A+ from A following the upgrade on parent Royal Dutch Shell plc to AA- from A+.

Shell Energy continues to be highly strategic to Royal Dutch Shell, so the ratings are one notch lower than those on Royal Dutch Shell.

The stable outlook mirrors the outlook on the parent company, S&P said.

The company will gradually build increased headroom in its credit metrics to withstand potential volatility in oil prices, the agency said.

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