LONDON (Standard&Poor's) Aug. 4, 2006--Standard&Poor's Ratings Services said today it affirmed its 'A' long-term and 'A-1' short-term corporate credit ratings on U.K.-based mining group Anglo American PLC (Anglo), following the company's announcement of a planned demerger of paper and packaging business Mondi, and a return of $5 billion of cash to shareholders. The outlook is stable. "The affirmation reflects our view that the planned Mondi demerger will be positive for Anglo's business risk profile through an improvement in group profitability, and for its financial risk profile through the assumption of a portion of Anglo's debt," said Standard&Poor's credit analyst Alex Herbert. "This is further evidence that management is successfully executing its updated business strategy
