HALISTER1: Vale’s Outlook Raised to Stable From Negative by Moody’s

Vale’s Outlook Raised to Stable From Negative by Moody’s

(Bloomberg) -- The stable outlook reflects the improvement in credit metrics throughout 2016, supported by initiatives taken to improve liquidity and expand output at lower costs, Moody’s says in statement.
  • Moody’s also cites Vale’s financial discipline regarding capex and dividend payments
  • Ba3 ratings affirmed
  • Link to statement
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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VALE5 BZ (Vale SA)

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