DBRS Releases Report on Anglo American

DBRS has today released a report on Anglo American plc (Anglo or the Company) that provides further detail on the recent confirmation of the Company’s Issuer ratings at A (low) with Stable trend and the discontinuance of the rating of Anglo’s Convertible Bonds, due to the recent conversion and repayment of the Company’s outstanding 4% convertible bonds due 2014.

The confirmation reflects Anglo’s diverse operations, with strong and growing iron ore and metallurgical coal businesses, world-leading positions in platinum and diamonds, plus important operations in copper, thermal coal and manganese. In addition, the recovery of commodity markets following the 2009 recession and the Company’s ongoing focus on efficiencies and business improvements have resulted in a recovery of its credit metrics to a level currently strong for its ratings, with low debt leverage and high liquidity.

To obtain a copy of the report or the May 28, 2012, press release, please click on the links under Related Research at the right of the screen or contact us at info@dbrs.com.