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Miners cut distressed debt pool by US$60b as recovery firms

Saturday, June 11, 2016 - 05:50

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IMPROVEMENT: Moody's last month upgraded the outlook on Anglo's Ba3 senior unsecured ratings from negative to positive.

Melbourne

MINING companies are getting back into financial shape and have cut the sector's pool of distressed bonds by at least US$60 billion, providing another boost to the industry's outlook as commodities enter a bull market.

Anglo American Plc and Glencore Plc are among

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