CAPITAL MARKETS

Alcoa downgraded on weak economy, low prices

TOUGH times for the mining industry were confirmed in New York overnight when the world's biggest miner, Alcoa, had its long-term credit rating cut by Standard & Poor's a day before the release of its third quarter earnings.

Tim Treadgold
Alcoa downgraded on weak economy, low prices

S&P said in a statement that Alcoa's debt rating had been reduced from A-plus to A, the sixth highest level, because of "an expectation of continued weakness in the economy and the decline in aluminium...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.