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Anglo American’s Outlook Upgraded to “Positive”

Fitch Ratings has revised Anglo American’s outlook from stable
De Beers diamond mine
Credit: De Beers

American credit rating agency Fitch Ratings has revised Anglo American’s outlook from stable to positive, Rough & Polished reports.

 

According to Fitcת the change in outlook “shows Anglo American’s delivery on production growth and its continuing conservative financial profile.”

 

Fitch also noted that “market fundamentals for platinum group metals (PGMs), copper, iron ore and diamonds are favorable with demand growth being met by limited additional supply.” In addition, “Prices have shown continued upward momentum in the year to date, boosting earnings expectations and creating material financial flexibility,” Fitch said.

 

de beers diamond vessel
Credit: De Beers


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