03
Sep
14:19
Moody's upgrades Vale's outlook to stable
Moody’s tells Kallanish it has affirmed Brazilian iron ore producer Vale’s corporate family Ba1/Aaa.br ratings. The rating agency has also changed the company’s outlook from negative to stable. Vale will continue to generate positive free cash flows, as any significant impact on the company's liquidity or leverage is not expected.
“The change of Vale’s outlook from negative to stable is supported by the higher visibility on…
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Anonymous
Very good overview of the weekly steel market.
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