According to the Industry Top Trends 2018: Metals and Mining report by S&P Global Ratings, "The outlook for upstream producers has generally improved, with a modestly positive rating bias for 2018. We expect the focus on financial prudence - particularly among the largest globally diversified miners - to persist into 2018 amid what our base case assumes to be a (continuing) generally supportive price environment. For global downstream producers, we expect relatively flat conditions on average, albeit with regional variation."
Gain strategic insights from our 2018 credit outlook for the metals and mining industry:
- Ratings trends and outlook
- Industry forecasts - upstream and downstream
- Key assumptions
- Key risks and opportunities
- Financial policy
- Cash, debt, and returns