BHP Creditor Confidence Wanes as Commodity Rout Risks Rating Cut
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BHP Billiton Ltd.’s creditors are becoming more wary as plunging energy and metal prices weigh on the outlook for debt sold by the world’s biggest miner.
The cost of protecting the Melbourne-based producer’s bonds against non-payment has risen 24 basis points over the past 12 months to 87 basis points as of Monday and is at its highest level in almost five years versus the local credit-default swap benchmark, CMA data show.