Glencore seeks to cut its €24 billion debt by a third
Glencore, the commodity trader and miner, is seeking to cut its debt as it targets a higher credit rating
Glencore, the commodity trader and miner, is seeking to cut its $30 billion (€24 billion) debt load by a third.
The Swiss company is targeting a higher credit rating, according to two people familiar with the situation.
The international mining giant believes that asset sales and other debt-reduction measures may allow Standard & Poor’s to upgrade its BBB rating by one notch in the long term, said the people, who asked not to be identified because...
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