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BHP Billiton Finance (USA) Ltd.'s Proposed US$3 Billion Debt Issuance Rated 'A+' Nov 11
Standard & Poors, Nov 2011
Abstract
MELBOURNE (Standard & Poor's) Nov. 17, 2011--Standard & Poor's Ratings Services said today that it had assigned its 'A+' long-term credit ratings to BHP Billiton Finance (USA) Ltd.'s US$1 billion senior notes due 2014, US$750 million senior notes due 2016, and the company's US$1.25 billion senior notes due 2021. These notes will be guaranteed by BHP Billiton Ltd. and BHP Billiton PLC (collectively BHP Billiton), and will be used for general corporate purposes (including the repayment of commercial paper). The ratings on diversified resources company BHP Billiton reflect our view of the Australia-based company's excellent market position, substantial portfolio diversification, low-cost operations, conservative financial policies, and solid project pipeline. Partly offsetting these strengths are the company's exposure to volatile commodity...
Companies mentioned in this report are: BHP Billiton Finance (USA) Ltd.,BHP Billiton Ltd.,BHP Billiton PLC
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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