Glencore retains strong lines of credit, company says

29th Sep 2015 14:05

(ShareCast News) - Glencore remains "operationally and financially robust" and continues to retain strong lines of credit and secure access to funding.The miner continues to be confident of its commodities' medium and long-term fundamentals, the company said according to Reuters.On Tuesday, analysts at SP Angel made a similar point, telling clients that: "It is unlikely that banks will pull their credit lines with Glencore easily - if they do we could have a "Lehman's moment" which will have much broader repercussions outside the sector."Sudden falls like this are worrying but the sky has yet to fall in on our heads."A sof 14:04 shares in Glencore were bouncing back by 13.15% to reach 77.65p.