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Rio’s Walsh feeling the pressure: S&P downgrades miner rate outlook over rising debt

Cecilia Jamasmie | February 26, 2013 | 1:48 pm Top Companies Australia Europe Iron Ore 

Rio Tinto's (LON:RIO) increasing debt, which has already reached $33 billion, prompted Standard & Poor's to downgrade the giant miner’s credit rating outlook from stable to negative. The rating agency’s announcement increases the pressure on Rio's new chief executive, Sam...

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