London, 11 April 2016 -- Moody's Investors Service (Moody's) downgraded the long/short term ratings on Deer Park Refining Limited Partnership's (Deer Park) guaranteed industrial revenue bonds to A3/P-2 from A2/P-1, and its commercial paper to Prime-2 from Prime-1, concluding a review for downgrade announced on January 22, 2016. The rating downgrade is in conjunction with Moody's downgrade of the refining venture's 50% ultimate owner/sponsors, Royal Dutch Shell Plc (Shell) and its wholly-owned subsidiary Shell Oil Company (SOC).
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