S&P elevates Rio Tinto

S&P said it raised to A from A- its long-term issuer credit rating on Rio Tinto plc and Rio Tinto Ltd. The outlook is stable.

At the same time, S&P said it raised to A from A- its issue-level ratings on Rio Tinto's senior unsecured debt.

“The upgrade reflects Rio Tinto's journey of strengthening its balance sheet and living by its financial policy for the past two years,” S&P said in a news release.

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