BHP Billiton keeps S&P 'A' credit rating, but warning sounded on Samarco
Amanda SaundersResources Reporter
BHP Billiton's scrapping of its annual $US6.6 billion ($9.2 billion) payout policy and a fresh round of capital spending cuts at its results last week, has seen ratings agency Standard & Poor's reaffirm its A credit rating.
But the ratings agency warned of potential downside if the mining giant's payout for its Brazilian mining disaster is more than about $US5.2 billion (20 billion real).
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Amanda Saunders is based in Melbourne and writes on business, mining and iron ore. Connect with Amanda on Twitter. Email Amanda at amanda.saunders@afr.com.au
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