S&P cut Glencore outlook - cuts metal price forecast, cites China uncertainties

Standard & Poor's has cut its outlook for Glencore to 'negative' from 'stable' after slashing its price forecasts for metals and amid uncertainties about China's economic outlook

• "Continued weakness and volatility in commodity prices resulting notably from a more uncertain and challenging outlook in China may put additional pressure on operations, credit measures, and free cash flow"
• Last week, S&P warned BHP Billiton's investment-grade credit ratings might come under pressure