BHP credit rating cut to A

02 February 2016

 

Standard & Poor’s has cut BHP’s credit rating on senior secured notes from A+ to A as a result of falling commodity prices and the “very challenging market conditions and increased demand uncertainty over the coming years”. Subordinated notes were also downgraded from A- to BBB+. The downgrade came with a “credit watch with negative implications" meaning the rating could be cut again should conditions worsen. The downgrade was flagged...

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