S&P views Anglo American positively

S&P said it changed its outlook for Anglo American plc to positive from stable and affirmed its BBB/zaAAA ratings.

“The positive outlook reflects Anglo American's improved portfolio and positions the company well for the future, both in terms of margins and geographically. We believe that the company has been able to narrow the gap with its direct peers on a sustainable basis. Once the Quellaveco project starts production, and without a sharp U-turn in the commodity industry, we may consider raising the rating to BBB+,” S&P said in a press release.

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