Original article by Amanda Saunders
The Australian Financial Review – Page: 17 : 26-Feb-16
Moody’s Investors Service has downgraded the credit rating of Rio Tinto from "A3" to "Baa1", and indicated that a further downgrade is possible. The ratings agency is also reviewing the "A1" credit rating of BHP Billiton, although Standard & Poor’s recently opted to leave Rio Tinto’s "A-" credit rating unchanged for now. The recent spate of ratings downgrades reflects the impact of the downturn in the iron ore price.
CORPORATES
RIO TINTO LIMITED – ASX RIOMOODY’S INVESTORS SERVICE INCORPORATEDBHP BILLITON LIMITED – ASX BHPANGLO AMERICAN PLCGLENCORE PLCVALE SA