You are here

Glencore's deeper debt cuts spur optimism

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

BT_20151219_DNGLEN19_2030245.jpg
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+.

London

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-

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom