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Anglo back at investment status

Diversified miner Anglo American (LN:AAL) has become the latest major to be upgraded to investment grade, with Moody’s Investor Services upgrading its rating from Ba1 to Baa3 and changing its outlook to stable from positive.

Jacqueline Holman
The Moody's upgrade came after higher iron ore and met coal prices saw stronger financial results (photo: Kumba)

The Moody's upgrade came after higher iron ore and met coal prices saw stronger financial results (photo: Kumba)

In August, S&P Global Ratings also revised Anglo’s credit rating to BBB- (investment grade) with a stable outlook, from BB+ with a positive outlook. All four of the large diversified majors are now back...

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