S&P warns of imminent downgrade for several miners
SAO PAULO, April 13 (Reuters) - Standard & Poor's warned on Monday it may soon downgrade several miners as it lowered its iron ore price estimates for the next couple of years.
S&P said in a statement it was placing on watch negative the credit ratings of Vale SA, Rio Tinto PLC, BHP Billiton Ltd, Anglo American PLC, CAP SA , Exxaro Resources, Fortescue Metals Group Ltd , and Eurasian Resources Group (ERG).
S&P said it expects to make its rating decisions over the next two to three weeks. (Reporting by Walter Brandimarte; Editing by Chizu Nomiyama)
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