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News Breaks | | | | February 26, 2013 | | 06:06 EDT |  | RIO | S&P revises Rio Tinto outlook to Negative; A-/A-2 ratings affirmed
Standard & Poor's Ratings Services today revised its outlook on Rio Tinto PLC and its guaranteed subsidiaries to negative from stable. At the same time, the 'A-/A-2' long- and short-term corporate credit ratings on Rio Tinto were affirmed. "The outlook revision reflects leverage, on Dec. 31, 2012, that was higher than we forecast. In our view, continued, albeit reduced capital expenditure and dividend payments will prevent Rio Tinto from deleveraging, unless it makes large disposals in 2013 and 2014. The negative outlook indicates a one-in-three chance of a downgrade, and may be mitigated by management's commitment to the current rating level, its substantial cost reduction program, and its commitment to reduce leverage, through disposals." | |
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News For RIO From The Last 14 Days Check below for free stories on RIO the last two weeks. |
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| May 24, 2013 | | 05:47 EDT |  | RIO | Rio Tinto cuts 100 jobs in Utah, WSJ reports
 Subscribe for More Information | | | May 23, 2013 | | 05:57 EDT | | RIO | Vale, Rio Tinto accused of neglecting displaced Mozambicans, Reuters reports
Subscribe for More Information | | | May 20, 2013 | | 07:58 EDT |  | RIO | BofA/Merrill's metals and mining analysts hold analyst/industry conference call
Metals & Mining Analysts discuss the recently held 30th Annual BofAML Global Metals, Mining & Steel Conference on an Analyst/Industry conference call. Relevant companies BHP, RIO, VALE, BNX, CLF, NUE, AA and BTU may be included on the Analyst/Industry conference call to be held on May 20 at 9 am. | | | May 14, 2013 | | 09:38 EDT |  | RIO | Rio Tinto downgraded to Equal Weight from Overweight at Barclays
Subscribe for More Information | | | 07:29 EDT | | RIO | BofA/Merrill to host a conference
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