S&P affirms BHP Billiton

S&P said it affirmed its A/A-1 long- and short-term corporate credit ratings on BHP Billiton plc and BHP Billiton Ltd. and affirmed the issue ratings on BHP's senior unsecured and subordinated debt and commercial paper.

The outlook is stable.

“The affirmation reflects our view of BHP's healthy credit metrics, mirroring the current supportive iron ore prices, as well as efficiencies delivered over the past three years, and BHP's newly adopted financial policy,” the agency said in a news release.

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