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Standard & Poor's Ratings Services Cuts Anglogold Ashanti Ltd's Debt Rating-DJ

Wednesday, 17 Jul 2013 05:28am EDT 

Dow Jones reported that Standard & Poor's Ratings Services cut the debt rating of gold miner AngloGold Ashanti Ltd. due to falling gold prices and protracted labor unrest in South Africa's crucial mining sector. S&P cut South Africa-based AngolGold's longterm corporate credit rating to BB+ from BBB- but kept the outlook stable at that level. The rating company said Anglogold's high debt levels left it vulnerable to lackluster gold prices and prolonged labor strife. 

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