S&P puts BHP, RIO, FMG on negative watch

Ratings agency Standard and Poor's has signalled credit rating downgrades for BHP Billiton, Rio Tinto and Fortescue Metals just days after Treasurer Joe Hockey predicted iron ore prices could hit $US35-a-tonne. S&P placed eight iron ore miners on a negative credit watch after drastically revising its three-year price predictions for the steel-making commodity. The agency now expects a 2015 price of $US45-a-tonne (down from $US65), a 2016 price of $US50 (down from $US65) and a 2017 price of $US55 (down from $US70). (VIEW LINK)

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.