Moody's upgrades Anglo American ratings to Ba1, outlook positive
London, 02 March 2017-- Moody's Investors Service has today upgraded the corporate family rating and probability of default rating of Anglo American plc to Ba1/ Ba1-PD from Ba2/ Ba2-PD. Concurrently, the rating agency upgraded the rated senior unsecured guaranteed debt instruments at Anglo American Capital Plc to Ba1 from Ba2, and Anglo American SA Finance Limited's national scale ratings to A1.za/P-1. za from A3.za/P-2. za. The outlook on all ratings remains positive.Anglo American is a global mining company with a portfolio of mining operations and undeveloped resources. Co. is focused on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Co.'s segments include: De Beers, which produces rough and polished diamonds; Copper, which produces copper; Platinum, which produces PGMs; Iron Ore and Manganese, which produces iron ore, manganese ore and alloys; Coal, which produces metallurgical coal and thermal coal; and Nickel, which produces nickel.
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