Moody’s puts Rio Tinto ratings under review
Dec 01, 2008 | 11:06 AM
| Tom Jennemann
Moody's Investors Service has placed Rio Tinto's A3 senior unsecured ratings under review for possible downgrade.
The ratings agency affirmed the Prime-2 short-term rating of rated entities within Rio Tinto and changed the short-term rating outlook to "stable" from "developing."
"The review reflects Moody's expectation that Rio Tinto's mid-term performance is likely to be adversely impacted by negative market conditions for key metals such as copper and aluminum, together with production and grade challenges at certain copper operations," Moody's said. "In addition, given the slowdown in global steel production, greater uncertainty exists with respect to mid-term volumes and prices in iron ore, an important business segment. The company's high level of....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.