Anglo American (AAL) Credit Rating Cut To Junk Status Again On Uncertainty Over Restructuring Plan

The London mining giant Anglo American Plc saw its credit assessment cut to junk for the second time this week.  Fitch Ratings reduced Anglo American’s credit rating to BB+, with a negative outlook from BBB-, the ratings agency said in a statement Wednesday. The downgrade follows a similar move by Moody’s Investor Service this week and marks a new low for large mining companies grappling with falling commodity prices.

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