BHP Billiton Says Position Strong After S&P Downgrade
02 February 2016 - 5:21AM
Dow Jones News
LONDON-- Miner BHP Billiton PLC (BLT.LN) Monday moved to
reassure investors of its strong financial position after its
credit rating was lowered by Standard & Poors.
The ratings services company lowered its rating on BHP
Billiton's senior secured notes from A+ to A and on its
subordinated notes from A- to BBB+.
It also put BHP on "CreditWatch with negative implications."
BHP, which mines copper, iron, gold and coal and has oil
reserves, responded to the announcement saying it "has the
strongest credit rating in the sector and remains committed to
maintaining its strong balance sheet through the cycle."
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
February 01, 2016 13:06 ET (18:06 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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