S&P warns of imminent downgrade for several miners
Reuters
Published Apr 13, 2015 16:12
S&P warns of imminent downgrade for several miners
SAO PAULO (Reuters) - Standard & Poor's warned on Monday it may soon downgrade several miners as it lowered its iron ore price estimates for the next couple of years.
S&P said in a statement it was placing on watch negative the credit ratings of Vale SA (SA:VALE5), Rio Tinto PLC (L:RIO), BHP Billiton Ltd (L:BLT), Anglo American PLC (L:AAL), CAP SA (SN:CAP), Exxaro Resources (J:EXXJ), Fortescue Metals Group Ltd (AX:FMG), and Eurasian Resources Group (ERG).
S&P said it expects to make its rating decisions over the next two to three weeks.
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Written By: Reuters
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