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Investing.com -- S&P Global Ratings has revised Anglo American’s outlook to positive from stable following the announcement of a merger of equals with Teck Resources, while affirming the company’s ’BBB/A-2’ credit ratings.
The rating agency indicated that if the Anglo-Teck merger proceeds as planned, the timeline to complete Anglo American’s previously announced divestments would become less of a constraint on the company’s financial position.
S&P also expressed expectations that the combined Anglo-Teck entity would maintain a conservative financial policy following the completion of the merger.
The merger of equals between the two mining companies represents a significant development in the global mining sector, bringing together Anglo American’s diverse portfolio with Teck Resources’ assets.
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