S&P downgrades credit rating for Glencore; trader to buy own debt

摘要

London- Credit rating agency Standard & Poor's downgraded commodities trading company Glencore one notch to BBB minus, lowering its long- and short-term corporate credit ratings to BBB minus/A3 from BBB/A2/. S&P however also noted Glencore's continuing strengths, including "resilient" earnings and "adequate" liquidity of above $3.5 billion.