Standard & Poor's has cut its outlook for Glencore to 'negative' from 'stable' after slashing its price forecasts for metals and amid uncertainties about China's economic outlook
- "Continued weakness and volatility in commodity prices resulting notably from a more uncertain and challenging outlook in China may put additional pressure on operations, credit measures, and free cash flow"
- Last week, S&P warned BHP Billiton's investment-grade credit ratings might come under pressure
via Reuters
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If Australia wasn't such a strong sovereign rating, could probably say something similar ....