Fitch revises Samarco watch to negative

Fitch Ratings said it revised the Rating Watch on Samarco Mineracao SA's ratings to negative from evolving.

Samarco benefits from its ownership under two industry leaders, Vale SA (BBB/negative) and BHP Billiton Ltd./plc (A+/negative), with each company owning 50% of Samarco. Fitch believes Samarco's two strong shareholders will continue to support Samarco through the challenges of the next two years in order to resume normalized operations following the announcement of the settlement with the Brazilian authorities.

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