Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

BHP Billiton credit rating cut

Livewire News


Ratings agency Standard & Poor's has downgraded BHP's credit rating from A-plus to A to reflect changes forecast for commodity prices. In a statement, Standard & Poor's said the decision reflected "very challenging market conditions and increased demand uncertainty over the coming years. The oversupply of crude oil in the market results in very weak oil and gas prices, which we now believe will last over the foreseeable future, putting further pressure on its balance sheet." S&P has also placed BHP on "credit watch with negative implications", and has signalled the miner's rating could be taken a notch lower after it releases its earnings on February 23. BHP maintains an A-plus credit rating at Fitch Ratings and an "A1" assessments at Moody's, which has the miner on review for a downgrade. (VIEW LINK)

1 stock mentioned

Livewire News
Livewire News

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.