Goldman Sachs Downgrades Rio Tinto plc (RTP) to Sell

Goldman Sachs downgrades Rio Tinto plc (NYSE: RTP) from Hold to Sell citing problematic debt and forecasted losses in the aluminum division for the next two years.
The firm also said there is risk Rio Tinto’s deal with China’s Chinalco (NYSE: ACH) isn’t approved after Australian lawmakers moved to vote for an inquiry into last month’s $19.5 billion funding deal amid growing criticism..

Read more…

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.