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Glencore's deeper debt cuts spur optimism

Mining company seen as able to retain its investment-grade credit rating amid commodities rout

CHEW ON IT: Glencore is rated two notches above junk at S&P; it has said that it wants to increase its credit rating by one level to BBB+.


GLENCORE plc's aggressive approach to shrinking the indus-try's biggest debt pile is fuelling optimism the trader and miner can retain its investment-grade credit rating amid the worst commodities rout in seven years.

To head off concern that an existing US$10 billion debt-

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