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Moody’s cuts BHP’s debt rating

By:  
Creamer Media Deputy Editor: North America
 
DEBT DOWNGRADE
Investment risk ratings agency Moody’s Investors Service on Thursday cut the world’s largest miner BHP Billiton’s debt rating from A1 to A3, mentioning the deterioration in the company's earnings and cash flow, which has led to significantly weaker credit metrics. The outlook for all ratings of BHP and its subsidiaries was ‘negative’.
 
 
 
 
 

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