11
Jul
13:12
Samarco uncertainty seen limiting shareholder support
Samarco’s shareholders may hesitate to support to the company in meeting its obligations in the next six months, according to Standard & Poor’s (S&P).
This is due to uncertainty over the re-establishment of operating licenses, recurrent covenant breaches, and cash outflows for debt payments and settlement disbursements which have eroded Samarco's liquidity.
S&P has therefore lowered its stand-alone credit profile on the Brazilian i…
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Anonymous
Very good overview of the weekly steel market.
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