DBRS changes Chevron trend to stable

DBRS said it changed Chevron Corp.’s trend to stable from negative and confirmed the rating at AA.

“The stable trend reflects DBRS Morningstar's expectation that under the latest DBRS Morningstar base-case commodity price assumptions and expectations for a recovery in demand for petroleum products, Chevron's key credit metrics will significantly improve over the next two years and beyond to support the AA rating,” the agency said in a press release.

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