24
Jul
09:57
Moody's upgrades Vale rating
Moody’s has upgraded the credit rating of Brazilian miner Vale, Kallanish learns from the ratings agency. This comes after Vale showed continuous improvement in credit indicators, supported by lower debt levels, increasing production capacity and lower-cost operation.
Moody’s upgraded Vale’s senior unsecured rating from Ba1 to Baa3 and set a stable outlook for all ratings.
“Vale's good liquidity will furthermore allow the…
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Very good overview of the weekly steel market.
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