Feb 18 (Reuters) - Anglo American PLC AAL.L :
* S&P-Anglo American PLC downgraded to 'BB/B' on falling commodity prices;
outlook stable
* S&P-"Anticipate a prolonged downturn for the mining industry"
* S&P-"After its divestments, we expect Anglo to become a midsize mining
company"
* S&P - Stable outlook reflects Anglo american's strong liquidity and mildly
positive cash flows
* S&P- Remain very cautious about the timing of any sales and the level of
proceeds from assets that Anglo American will generate
* Source text Further company coverage AAL.L