DBRS Releases Report on Anglo American plc

DBRS has today released a report on Anglo American plc (Anglo or the Company) that provides further detail on the recent change in trend of the Company’s Issuer ratings at A (low) from Stable to Negative.

The change reflected a number of challenges faced by the Company: generally heightened market and commodity risks in the mining sector, a major restructuring of its Platinum business and the need to fund the completion of major capital projects. A further deterioration in the outlook for Anglo, unforeseen problems in the restructuring of its Platinum unit or further material delays or cost overruns in its major development projects over the course of the next year can be expected to lead to a rating downgrade.

To obtain a copy of the report or the July 18, 2013, press release, please click on the links under Related Research at the right of the screen or contact us at info@dbrs.com.