15
May
01:00
Moody's changes Vale outlook to negative from stable
Credit rating agency Moody’s, in a report monitored by Kallanish, has affirmed its Baa2 rating for Brazilian iron ore miner Vale but has changed the outlook for the company to negative from stable.
These judgements reflect Moody's view that the company's credit profile and operations remain solid, but incorporate the deterioration in market fundamentals for iron ore and base metals, the ratings agency says. The weakening market is pressuring co…
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Anonymous
Very good overview of the weekly steel market.
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