UPDATE 1-S&P reduces Exxon's credit rating, cites cheap oil
April 26, 2016 at 12:43 PM EDT
April 26 (Reuters) - Standard & Poor's on Tuesday reduced Exxon Mobil Corp's credit rating to AA+ from AAA, saying low oil prices will make it difficult for the world's largest publicly traded oil producer to keep funding high dividends and share purchases for the next few years.