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S&P: 2013 could be tough for global metals, mining

Posted on 08 January 2013

Standard & Poor’s Ratings Services has published an FAQ article titled, “Global Metals And Mining Sector Could Have It Tough In 2013,” which discusses the difficulties it believes that sector will encounter throughout the year. Standard & Poor’s believes economies in many regions remain fragile and demand for commodities such as steel has weakened as a result.
“While this overall outlook won’t necessarily translate into sharply declining credit quality, we could downgrade some of the borrowers we rates unless business conditions improve significantly in the near term,” said Standard & Poor’s credit analyst Michael Scerbo………………………………………..Full Article: Source


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