[miningmx.com] – ANGLOGOLD Ashanti’s credit status was cut to “junk bond” by rating agency, Standard & Poor’s following the decline in the gold price that precipitated a raft of production and project cuts.
Future borrowings raised through the issuance of bonds will be more expensive and the pool of potential funders will diminish because some investment houses regard anything rated lower than BBB-as too risky, said BDLive.
