MELBOURNE (Standard&Poor's) July 31, 2013--Standard&Poor's Ratings Services said today that it had revised the outlook on its 'BB-' long-term rating on Australia-based mining company Fortescue Metals Group Ltd. to stable from negative. At the same time, we affirmed the 'BB-' corporate credit rating, 'BB+' senior secured debt rating, and 'B+' senior unsecured debt ratings. The recovery rating on the senior secured debt rating is affirmed at '1' and senior unsecured debt '5'. "The outlook revision reflects our expectation that Fortescue's credit metrics (which are weak in the year ended June 30, 2013) will recover to levels commensurate with the 'BB-' level in fiscal 2014," Standard&Poor's credit analyst May Zhong said. "This view is based
