17
Mar
00:00
Fitch affirms BHP Billiton, Rio Tinto ratings on 'appropriate' cost-cutting measures
Fitch says iron ore miners BHP Billiton (BHPB) and Rio Tinto (RT) are taking appropriate measures to adjust to the weaker commodity price environment. Actions such as capital expenditure and operating cost reductions, as well as asset disposals, mean the credit rating agency has affirmed BHPB and RT’s ratings at A+/Stable and A-/Stable respectively.
Fitch does not expect BHPB to come under substantial ratings pressure after the proposed demerger of som…
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Anonymous
Very good overview of the weekly steel market.
Anonymous