Research Update: South32 Ltd. Assigned 'BBB+/A-2' Ratings On Strong Global Market Position; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: South32 Ltd. Assigned 'BBB+/A-2' Ratings On Strong Global Market Position; Outlook Stable

Research Update: South32 Ltd. Assigned 'BBB+/A-2' Ratings On Strong Global Market Position; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: South32 Ltd. Assigned 'BBB+/A-2' Ratings On Strong Global Market Position; Outlook Stable
Published May 21, 2015
7 pages (2363 words) — Published May 21, 2015
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

South32 Ltd. has been demerged by BHP Billiton group and the company commenced trading on the Australian Securities Exchange on a deferred settlement basis on May 18, 2015. We have assigned 'BBB+/A-2' issuer credit ratings to South32 Ltd., reflecting our view of the company's "satisfactory" business risk profile and "modest" financial risk profile. The stable outlook reflects the large buffer in the 'BBB+' rating as a result of South 32's strong balance sheet, which should enable the company to withstand potential weakening in the prices of its main commodities. On May 22, 2015, Standard&Poor's Ratings Services assigned its 'BBB+/A-2' issuer credit ratings to Australia-based diversified miner South32 Ltd. The outlook on the rating is stable. At the same

  
Brief Excerpt:

...South32 Ltd. has been demerged by BHP Billiton group and the company commenced trading on the Australian Securities Exchange on a deferred settlement basis on May 18, 2015....

  
Report Type:

Research Update

Issuer
South32 Ltd.
Sector
Global Issuers
Country
Australia
Region
Pacific
Format:
PDF Adobe Acrobat
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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: South32 Ltd. Assigned 'BBB+/A-2' Ratings On Strong Global Market Position; Outlook Stable" May 21, 2015. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-South32-Ltd-Assigned-BBB-A-2-Ratings-On-Strong-Global-Market-Position-Outlook-Stable-1399924>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: South32 Ltd. Assigned 'BBB+/A-2' Ratings On Strong Global Market Position; Outlook Stable May 21, 2015. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-South32-Ltd-Assigned-BBB-A-2-Ratings-On-Strong-Global-Market-Position-Outlook-Stable-1399924>
  
US$ 225.00
$  £  €
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