Moody's slashes BHP Billiton's credit rating

摘要

BHP Billiton the global largest mining company suffered with credit-rating cut from Moody's Investors Service on Thursday, intensifying pressure on the company amid a prolonged slump in commodity prices. Moody's cut BHP's BHP, +2.90% credit rating two notches, to A3 from A1, a blow to the Anglo-Australian company that had long been viewed as a steady profit machine with a strong balance sheet. The move follows a ratings cut by Standard & Poor's Ratings Services, which downgraded BHP by one notch.