BHP, Rio Showing Bondholders $8 Billion of Love Warms Up Rally

  • Debt issued by BHP is on track for its best month since 2009
  • Biggest producers still under ratings downgrade pressure

Bond investors are rewarding BHP Billiton Ltd. and Rio Tinto Group after the humbled mining giants cut dividends by as much as $8 billion to repair finances. Credit assessors aren’t yet convinced.

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