From S&P via CNBC:
The agency revised down its iron ore price forecast to $65 per tonne for 2015 and 2016, from $85 per tonne. It cut its copper price forecast to $2.70 per pound ($5,952.50 a tonne) in 2015 and 2016, from $3.10, it said in a release.
“Given our new assumed prices for iron ore and copper, we expect changes to our credit ratings and outlooks on some entities in the coming weeks,” Standard & Poor’s credit analyst Elad Jelasko said.
