Metals and minerals prices have rebounded after a severe downturn. We are revising our outlook on global mining group Anglo American PLC to stable from negative. We are affirming our long-term 'BBB' corporate credit ratings on Anglo American and subsidiaries and raising our short-term ratings to 'A-2' from 'A-3'. The stable outlook reflects our opinion that Anglo American should be able to maintain credit metrics commensurate with the ratings. On April 19, 2010, Standard&Poor's Ratings Services revised its outlook on global diversified mining group Anglo American PLC (Anglo) to stable from negative. At the same time, we affirmed the 'BBB' long-term corporate credit ratings and raised the short-term ratings to 'A-2' from 'A-3'. In addition, the South Africa
