LONDON-- Miner BHP Billiton PLC (BLT.LN) Monday moved to reassure investors of its strong financial position after its credit rating was lowered by Standard & Poors.

The ratings services company lowered its rating on BHP Billiton's senior secured notes from A+ to A and on its subordinated notes from A- to BBB+.

It also put BHP on "CreditWatch with negative implications."

BHP, which mines copper, iron, gold and coal and has oil reserves, responded to the announcement saying it "has the strongest credit rating in the sector and remains committed to maintaining its strong balance sheet through the cycle."

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires

February 01, 2016 13:06 ET (18:06 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
BHP (NYSE:BHP)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more BHP Charts.
BHP (NYSE:BHP)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more BHP Charts.