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BHP faces ratings downgrade amid prolonged commodities slump

Investors question whether the mining company should continue to target increases to dividend payouts

BHP may be better served using its funds for bargain acquisitions as the commodities slide forces rivals to sell assets, says Jefferies Group.


WHETHER BHP Billiton Ltd scraps its progressive dividend policy or not, it risks a credit ratings downgrade as the collapse in oil and iron ore shows no sign of abating.

The price to protect BHP bonds from non-payment reached a four-year high of 132.5 basis points on Nov...