Mining and trading company Glencore said today its business remained "operationally and financially robust" and it was confident in the medium and long-term fundamentals of its commodities.
Glencore shares fell to a record low yesterday over concerns it was not doing enough to cut its debt to withstand a prolonged fall in global metals prices.
The shares staged somewhat of a recovery today.
"We have positive cash flow, good liquidity and absolutely no solvency issues," a company spokesman said in a statement.
"Glencore has no debt covenants and continues to retain strong lines of credit and secure access to funding," it added.
The company's chief executive Ivan Glasenberg had to bow to shareholder pressure this month by agreeing to cut Glencore's $30 billion debt pile and protect its rating after the prices of its main products, copper and coal fell.
Glencore plans to suspend dividends, sell assets and raise cash, among other measures, to cut its net debt by a third by the end of 2016.
London-listed Glencore has already raised $2.5 billion through a share placement.
After Glencore announced its debt-cutting plans, Moody's credit-rating agency affirmed its Baa2 rating on the company but changed the outlook to negative from stable, "to reflect the scope for a prolonged difficult market that may cause a slower recovery in Glencore's financial profile".
S&P affirmed Glencore's BBB rating and kept a negative outlook, citing worries over economic slowdown in China and copper prices.
Meanwhile, a Japanese shipper filed for bankruptcy today and global trading firm Louis Dreyfus posted lower profits, the latest victims of tumbling energy and raw material prices.
Glencore has been afflicted by the same issue facing other miners: the prolonged fall in global metals prices caused partly by a slowdown in China, which is the world's biggest consumer of metals.
Energy and commodity prices have fallen largely because of rising output following heavy investment into new assets while prices were still high.
This has increasingly clashed with slowing demand in Asia, where China's economy is growing at its slowest pace in decades.
The problems in the sector contributed to global trading group Louis Dreyfus Commodities reporting a steep drop in first-half profits today.
The crisis has also hit the shipping sector, where dry-bulk merchant Daiichi Chuo Kisen Kaisha filed for protection from creditors.
Glencore's shares remain down by more than 80% since it listed in 2011, at the last high point of a long commodities boom, with its market capitalisation briefly dipping below £10 billion for the first time.