19
Jan
13:13
Moodys upgrades FMG corporate ratings
Australia’s Fortescue Metals Group (FMG), which analysts had once insisted would imminently be bankrupt, has had its credit rating upgraded by Moody’s, the miner tells Kallanish. This happens after cost cutting, high prices and rapid debt repayment has put the company on a secure footing. The company notes that the decision has no impact on its debt capital structure. It does mean however that the Fortescue has even greater flexibili…
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Anonymous
Very good overview of the weekly steel market.
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