Moody's: BHP Billiton notes A1

Moody's Investors Service said it assigned an A1 senior unsecured rating to BHP Billiton's guaranteed senior unsecured notes totaling €2 billion and £1.75 billion issued under its Euro medium-term note program. The outlook is stable.

The rated notes include €1.25 billion of 2.25% notes due 2020, €750 million of 3.25% notes due 2027, £750 million of 3.25% notes due 2024 and £1 billion 4.3% notes due 2042.

The agency said BHP Billiton's A1/P-1 ratings reflect the global strength of the group's metals and mining portfolio and its substantial product and geographic diversity, including a solid position in oil and gas. The ratings also consider the group's conservative financial management and the strength of its cash flow measures.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.