02
Oct
12:41
Moody's upgrades Vale on increased safety
Moody’s has upgraded Vale’s credit rating from Ba1 to Baa3, with a positive outlook. It says the miner will continue to generate positive free cash flow and does not expect a material impact on the company's liquidity coming from expenses directly related to the Brumadinho accident.
The upgrade “…reflects the improvements observed in Vale's environmental, social and governance (EGS) practices, which has enhanced risk management and…
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Anonymous
Very good overview of the weekly steel market.
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