25
Apr
11:38
Standard & Poors raises credit rating for Vale
Brazil`s Vale has seen the outlook on its global-scale credit rating raised by Standard & Poors (S&P) to positive from stable debt reduction prospects. The ratings analyst has also affirmed its 'BBB-' global-scale ratings on the company and its subsidiaries, S&P says in a statement sent to Kallanish.
According to S&P, Vale could likely reduce its adjusted debt by $8-10 billion by the end of 2017, due to strong iron ore prices in the past …
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