Anglo American Long-Term Rating Cut Two Notches To 'BBB' On Market Downturn; Outlook Negative - S&P Global Ratings’ Credit Research

Anglo American Long-Term Rating Cut Two Notches To 'BBB' On Market Downturn; Outlook Negative

Anglo American Long-Term Rating Cut Two Notches To 'BBB' On Market Downturn; Outlook Negative - S&P Global Ratings’ Credit Research
Anglo American Long-Term Rating Cut Two Notches To 'BBB' On Market Downturn; Outlook Negative
Published Feb 24, 2009
Published Feb 24, 2009
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

LONDON (Standard&Poor's) Feb. 24, 2009--Standard&Poor's Ratings Services said today it lowered its long-term global scale corporate credit and senior unsecured debt ratings on diversified mining group Anglo American PLC by two notches to 'BBB' from 'A-'. At the same time, the short-term global scale corporate credit rating was lowered to 'A-3' from 'A-2'. In addition, the South Africa national scale long-term rating on debt issued by Anglo American SA Finance Ltd. (guaranteed by Anglo American PLC), was lowered to 'zaA+' from 'zaAA+', while the 'zaA-1' South Africa national scale short-term debt rating was affirmed. We removed all ratings from CreditWatch with negative implications where they were placed on Dec. 18, 2008. The outlook is negative. "The

  
Report Type:

Ratings Action

Ticker
AAL@LN
Issuer
GICS
Diversified Metals & Mining (15104020)
Sector
Global Issuers
Country
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Anglo American Long-Term Rating Cut Two Notches To 'BBB' On Market Downturn; Outlook Negative" Feb 24, 2009. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Anglo-American-Long-Term-Rating-Cut-Two-Notches-To-BBB-On-Market-Downturn-Outlook-Negative-704438>
  
APA:
S&P Global Ratings’ Credit Research. (). Anglo American Long-Term Rating Cut Two Notches To 'BBB' On Market Downturn; Outlook Negative Feb 24, 2009. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Anglo-American-Long-Term-Rating-Cut-Two-Notches-To-BBB-On-Market-Downturn-Outlook-Negative-704438>
  
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