Rio Tinto Dividend Cut Plan Fails to Stop Moody's Downgrade

  • Miner has rating reduced to the third-lowest investment grade
  • Downgrade comes following a plunge in global commodity prices

Rio Tinto Group had its credit rating cut by Moody’s Investors Service even after the miner announced plans to slash its dividend in response to plunging commodity prices.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.