Research Update: Mining Group Anglo American L-T Rating Raised To 'BBB+' On Market Recovery; 'A-2' S-T Rating Affirmed; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Mining Group Anglo American L-T Rating Raised To 'BBB+' On Market Recovery; 'A-2' S-T Rating Affirmed; Outlook Stable

Research Update: Mining Group Anglo American L-T Rating Raised To 'BBB+' On Market Recovery; 'A-2' S-T Rating Affirmed; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Mining Group Anglo American L-T Rating Raised To 'BBB+' On Market Recovery; 'A-2' S-T Rating Affirmed; Outlook Stable
Published Apr 18, 2011
2019 words — Published Apr 18, 2011
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Global diversified mining group Anglo American PLC has substantially reduced its debt and improved its maturity profile on the back of favorable market conditions in recent months. We think the company should be able to generate at least neutral free operating cash flow in the next several years. We are raising our long-term ratings on Anglo American and its subsidiaries to 'BBB+' from 'BBB'. The stable outlook reflects our opinion that Anglo American should be able to maintain credit metrics commensurate with the ratings in the medium term. On April 18, 2011, Standard&Poor's Ratings Services raised its long-term corporate credit ratings on global diversified mining group Anglo American PLC (Anglo) and its subsidiaries to 'BBB+' from 'BBB'. At

  
Brief Excerpt:

RESEARCH Research Update: Mining Group Anglo American L-T Rating Raised To '###+' On Market Recovery; 'A-2' S-T Rating Affirmed; Outlook Stable Publication date: 18-Apr-2011 Primary Credit Analyst: Andrey Nikolaev, CFA, Paris (33)...

  
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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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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Mining Group Anglo American L-T Rating Raised To 'BBB+' On Market Recovery; 'A-2' S-T Rating Affirmed; Outlook Stable" Apr 18, 2011. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Mining-Group-Anglo-American-L-T-Rating-Raised-To-BBB-On-Market-Recovery-A-2-S-T-Rating-Affirmed-Outlook-Stable-863060>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Mining Group Anglo American L-T Rating Raised To 'BBB+' On Market Recovery; 'A-2' S-T Rating Affirmed; Outlook Stable Apr 18, 2011. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Mining-Group-Anglo-American-L-T-Rating-Raised-To-BBB-On-Market-Recovery-A-2-S-T-Rating-Affirmed-Outlook-Stable-863060>
  
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