Research Update: Global Mining Group Anglo American PLC Upgraded To 'BBB/A-2' On Strong Results For 2018; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Global Mining Group Anglo American PLC Upgraded To 'BBB/A-2' On Strong Results For 2018; Outlook Stable

Research Update: Global Mining Group Anglo American PLC Upgraded To 'BBB/A-2' On Strong Results For 2018; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Global Mining Group Anglo American PLC Upgraded To 'BBB/A-2' On Strong Results For 2018; Outlook Stable
Published Mar 05, 2019
13 pages (4701 words) — Published Mar 05, 2019
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Global mining group Anglo American published strong results for 2018, based on well-supported commodity prices across its portfolio and on volume improvements. We consider the company well positioned to absorb market volatility, given that reported net debt stood at $2.8 billion at year-end 2018, and Anglo American has a well-established financial policy. We are therefore raising our ratings on Anglo American to 'BBB/A-2' from 'BBB-/A-3'. We are affirming our South Africa national scale ratings on Anglo American at 'zaAAA/zaA-1+'. We are also raising our ratings on Anglo American's revolving credit facility (RCF) and unsecured notes to 'BBB' from 'BBB-'. The stable outlook reflects the limited upside/downside prospects for the rating over the coming 12 months. Anglo American's 2018 results were

  
Brief Excerpt:

...+ Global mining group Anglo American published strong results for 2018, based on well-supported commodity prices across its portfolio and on volume improvements. + We consider the company well positioned to absorb market volatility, given that reported net debt stood at $2.8 billion at year-end 2018, and Anglo American has a well-established financial policy. + We are therefore raising our ratings on Anglo American to '###/A-2' from '###-/A-3'. We are affirming our South Africa national scale ratings on Anglo American at 'zaAAA/zaA-1+'. We are also raising our ratings on Anglo American's revolving credit facility (RCF) and unsecured notes to '###' from '###-'. + The stable outlook reflects the limited upside/downside prospects for the rating over the coming 12 months....

  
Report Type:

Research Update

Ticker
AAL@LN
Issuer
Anglo American PLC
GICS
Diversified Metals & Mining (15104020)
Sector
Global Issuers
Country
United Kingdom
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Global Mining Group Anglo American PLC Upgraded To 'BBB/A-2' On Strong Results For 2018; Outlook Stable" Mar 05, 2019. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Global-Mining-Group-Anglo-American-PLC-Upgraded-To-BBB-A-2-On-Strong-Results-For-2018-Outlook-Stable-2175507>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Global Mining Group Anglo American PLC Upgraded To 'BBB/A-2' On Strong Results For 2018; Outlook Stable Mar 05, 2019. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Global-Mining-Group-Anglo-American-PLC-Upgraded-To-BBB-A-2-On-Strong-Results-For-2018-Outlook-Stable-2175507>
  
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