Credit Ratings


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BUZZ-Australia’s BHP Billiton falls after S&P says may cut credit ratings

** BHP Billiton Ltds shares slide as much as 2.07
pct to touch their lowest since January

** Standard Poor placed credit ratings for the worlds
largest miner as well as other major miners on watch negative
due to the fall in iron ore prices

** In addition, Citigroup (NYSE: C – news) on Monday cut its rating on BHP
Billiton to neutral from buy with a target price of A$31 per
share (http://citi.us/1O5RmpP)

** At Tuesday low, it was down 15.6 pct since March 2, which
was its peak for the year to date

** Shares (Berlin: DI6.BE – news) in Rio Tinto Ltd (Xetra: 855018 – news) , whose credit ratings
were also placed on watch negative, down 0.4 pct

** Stock among the biggest percentage losers on the global
Dow Jones Titans Basic Resources Index

(Reuters Messaging:; nitin.sj.thomsonreuters.com@reuters.net)

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