[S&P Global Ratings Issuer Ranking]:
Global Metals & Mining Companies,
Strongest To Weakest

Jan 29, 2019 | By S&P Global Ratings: Simon Redmond and Ivan Tiutiunnikov

The following lists rank the global portfolio of metals and mining companies that S&P Global Ratings rates, from strongest to weakest. We rank companies, in turn, by the rating, outlook, stand-alone credit profile (SACP), business and financial risk profile, and liquidity assessment. Investment-grade companies are ranked by business risk profile, then financial risk profile. Speculative-grade companies are ordered by financial risk profile, then business risk profile. Companies are then listed in alphabetical order, if not distinguished by these factors.

In line with our corporate rating methodology, the final rating may differ from the SACP, where government, group, or rating above the sovereign considerations apply. Where the SACP differs from the anchor, we have applied one or more modifiers, which may include that for liquidity. We've noted the anchor and active modifiers of each company, for informational purposes only. For our more-detailed analysis, please refer to the company-specific pages on RatingsDirect via the hyperlinks below.

Separately, S&P Global Ratings has published its rating component scores report for metals & mining and all corporate ratings as of Jan. 2, 2019, including the individual corporate industry and country risk assessments (CICRAs) and competitive positions. The articles are listed: "S&P Global Ratings Publishes New Global And Updated Regional Corporate Rating Component Scores Reports," published on Jan. 16, 2019. As we show in the charts at the end of this report, most of our business risk assessments are closely correlated with the corresponding competitive positions. Similarly, in the context of our moderately high industry risk assessments for the metals and mining sectors, country risk only has a material impact on the CICRA in 11% of cases and the business risk profile for 6% of the portfolio. Government or group ownership is an explicit rating factor for a fifth of the companies--most commonly, but not exclusively, in Asia. In two-thirds of those cases, our analysis of the ownership results in a rating higher than the SACP.

For our sector outlooks and analysis, please refer to the commentaries listed under Related Research at the end of this article. 

To view the rankings of global metals and mining companies by corporate rating, complete the form below.

To access the rankings, fill up the form.

Praesent porttitor malesuada ornare. Etiam pellentesque vitae risus in elementum. Vivamus ex sem, maximus in ligula vitae, dictum luctus felis. Etiam et rutrum mauris, congue hendrerit nisi. Aenean lorem sem, consequat sit amet diam ut, pellentesque aliquet ante. Ut egestas massa mi, nec condimentum ipsum suscipit non. Interdum et malesuada fames ac ante ipsum primis in faucibus.

To access the ranking table, fill up the form.

Copyright © 2019 by S&P Global Market Intelligence, a division of S&P Global Inc. All rights reserved. No content may be reproduced or distributed without the prior written permission of S&P Global Market Intelligence or its affiliates. The content is provided on an “as is” basis.

Facebook LinkedIn You Tube

Copyright © S&P Global Market Intelligence Inc. All rights reserved.
Privacy Policy | Cookie Notice | Terms of Use | Legal Disclaimers