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20 Aug
14:50

Fitch upgrades Anglo American's rating on improved financials

Credit analyst Fitch Ratings has upgraded the rating of iron ore miner Anglo American plc, Kallanish hears from Fitch. Anglo Americans Long-Term Issuer Default Rating (IDR) increases from 'BBB-' from 'BB+', the credit analyst says. The outlook for the group is seen as stable. The upgrade reflects the improvement in Anglo American's financial profile on the back of stronger-than-expected results and cash-flow generation since mid-2016, and …
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