Moody's could up Glencore, Xstrata following merger

Moody's Investors Service said it placed all the ratings of Glencore International AG and Xstrata plc, as well as those of their guaranteed subsidiaries, on review for possible upgrade following their announced all-share merger.

Moody's said the initiation of this review reflects its favorable assessment of the planned merger in terms of diversification and synergies, as well as the uncertainties surrounding the final details and execution of the proposed transaction.

© 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.