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Anglo back at investment status

Diversified miner Anglo American (LN:AAL) has become the latest major to be upgraded to investment grade, with Moody’s Investor Services upgrading its rating from Ba1 to Baa3 and changing its outlook to stable from positive.

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The Moody's upgrade came after higher iron ore and met coal prices saw stronger financial results (photo: Kumba)

In August, S&P Global Ratings also revised Anglo’s credit rating to BBB- (investment grade) with a stable outlook, from BB+ with a positive outlook.