The Energy Downgrade Avalanche Begins: Exxon Loses AA+ Rating

03-17-2020 • https://www.zerohedge.com by Tyler Durden

For the past 9 years ever since the downgrade of the US government by S&P from AAA to AA+, American energy giant Exxon, which back in 2007 had a market cap of over $500 billion only to see that cut by two thirds to $150BN today (half of where it was