|Long term||Short term||Outlook|
|Standard & Poor's Ratings Services||A||A-1||Credit watch - negative|
|Moody's Investors Service||A2||P-1||Stable outlook|
BHP is a Dual Listed Company (DLC) comprising BHP Group Limited and BHP Group Plc. Each of BHP Group Limited and BHP Group Plc has executed a Deed Poll Guarantee, pursuant to which creditors entitled to the benefit of the Deed Poll Guarantees will, to the extent possible, be placed in the same position as if the relevant debts were owed by both BHP Group Limited and BHP Group Plc combined. This combined strength and operation of the cross-guarantee is factored in by the rating agencies and reflects the combined credit rating of the Plc and Ltd entities.
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