S&P Global Ratings: Metals & Mining top industry trends in 2017

摘要

The worst is behind us anda significant improvement is expected in2017 compared to last year. Depreciatingcommodity-linked currencies, costreduction, sharply reduced capex, fallingshareholder returns, deleveraging throughequity issuances, sale of non-core assets,along with a recovery in base metalsprices, have contributed to much improvedcash generation for many rated upstreamissuers.