S&P ups Xstrata to positive

Standard & Poor's said it revised the outlook on Xstrata plc and its subsidiary Xstrata Canada Corp. to positive from stable and affirmed the BBB/A-2 corporate credit and senior ratings on both companies.

The outlook revision reflects Xstrata's improved operating and financial performance, S&P said.

The positive outlook reflects the possibility that S&P will upgrade Xstrata in the coming quarters, should the market remain supportive and the company adhere to its moderate financial policy, the agency added.

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