24
Jun
15:28
Moody's upgrades Fortescue outlook to stable
Fortescue Metals Group (FMG) tells Kallanish that credit analyst Moody’s has upgraded the outlook on its corporate family rating.
This has been raised to stable, and the rating has been affirmed at Ba3, FMG says. The rating update does not impact Fortescue’s debt capital structure, the Australian iron ore miner confirms in a statement.
Moody’s noted; “The debt reduction achieved in the second half of fiscal 2016 has lowered breakeven c…
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Very good overview of the weekly steel market.
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