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Bulletin: Ratings On Trader Glencore And Miner Xstrata Remain Unchanged On News Of Merger Talks Feb 12
Standard & Poors, Feb 2012
Abstract
PARIS (Standard & Poor's) Feb. 2, 2012--Standard & Poor's Ratings Services said today that its ratings and outlooks on Switzerland-based global commodities trader and mining house Glencore International AG (BBB/Stable/A-2) and Switzerland-based mining company Xstrata PLC (BBB+/Stable/A-2) remain unchanged following the companies' announcement that they are in merger talks. In the absence of any offer at this stage, the ratings are not affected....
Companies mentioned in this report are: Glencore International AG,Xstrata PLC
Action: Bulletin
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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