corporates Ratings /ratings/en/sector/corporates/metals-mining content
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Metals & Mining

The outlook for upstream producers largely improved in 2018, with a modestly positive rating bias. We expect the focus on financial prudence--particularly among the largest globally diversified miners--to continue in 2019 amid what we assume will be a continuing generally supportive price environment. For global downstream producers, we expect stable conditions, with upgrades now likely to reflect financial policies and resilience to future downturns as much as strong metrics.

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