DBRS downgrades Cenovus after ConocoPhillips deal
June 23, 2017 at 15:29 PM EDT
CALGARY, Alberta, June 23 (Reuters) - Ratings agency DBRS on Friday downgraded Cenovus Energy Inc, saying the Canadian oil company's acquisition of ConocoPhillips assets in March negatively affects its credit and more than outweighs the benefits of the deal.