ExxonMobil loses coveted AAA credit rating from S&P on low oil prices

CNBC reports:

Standard and Poor's downgraded ExxonMobil's credit rating from AAA to AA+ on Tuesday because of expectations of continuing low oil prices.

S&P told CNBC that it has had a AAA rating on Exxon since July 5, 1949. The move leaves only Microsoft and Johnson & Johnson with AAA ratings from S&P.

A small group gets... smaller.