Moody's upgrades BHP

Moody's Investors Service said it upgraded all long-term ratings of the BHP Group, including upgrading the long-term issuer rating of BHP Group Ltd. to A1 and revised the outlook to stable from under review.

These actions conclude the review for upgrade started on Nov. 29.

“The upgrade reflects BHP's long track record of maintaining conservative financial metrics and Moody's expectation that the group will continue to generate solid earnings with a strong business and financial profile throughout the cyclical movements in commodity prices. BHP's ability to maintain this operational and financial strength is underpinned by its high-quality assets, strong productivity track record, and clear and conservative financial policy settings,” the agency said in a press release.

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