On Feb. 24, 2009, Standard&Poor's Ratings Services 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 two-notch downgrade reflects our expectation
