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Rio Tinto's dividend cut plan fails to stop Moody's downgrade
Published Thu, Feb 25, 2016 · 09:50 PM
Sydney
RIO Tinto Group had its credit rating cut by Moody's Investors Service even after the miner disclosed plans to slash its dividend in response to plunging commodity prices.
The world's second-biggest metal producer had its credit score lowered one level to Baa1, Moody's third-lowest investment-grade rating, with a negative outlook.
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