VALE -- 坏消息# Stock
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https://www.moodys.com/research/Moodys-changes-Vales-outlook-to-negative-
affirms-all-ratings--PR_325035?WT.mc_id=AM%
7eWWFob29fRmluYW5jZV9TQl9SYXRpbmcgTmV3c19BbGxfRW5n%7e20150512_PR_325035
Moody's changes Vale's outlook to negative; affirms all ratings
Global Credit Research - 12 May 2015
New York, May 12, 2015 -- Moody's Investors Service changed the rating
outlook for Vale S.A. (Vale) and related ratings to negative from stable. At
the same time, Moody's affirmed Vale's Baa2 senior unsecured rating, its (P
)Baa2 senior unsecured rating under its well-known seasoned issuer shelf
registration, and the Baa2 ratings on the foreign currency debt issues of
Vale Overseas (guaranteed by Vale) as well as Vale Overseas' (P)Baa2 senior
unsecured shelf rating. Moody's also affirmed the Baa2 senior unsecured
ratings of Vale Canada (not guaranteed by Vale).
At the same time, Moody's América Latina affirmed Vale's Baa2 global scale
local currency rating and Aaa.br National Scale Rating (NSR) as well as the
Baa2 global scale local currency rating and Aaa.br NSR on Vale's BRL 750
million senior unsecured notes (Debentures de Infraestrutura). For further
information, please see the ratings tab on the issuer/entity page for the
respective issuer on www.moodys.com.br.
Outlook Actions:
..Issuer: Vale Canada Ltd.
....Outlook, Changed To Negative From Stable
..Issuer: Vale Overseas Limited
....Outlook, Changed To Negative From Stable
..Issuer: Vale S.A.
....Outlook, Changed To Negative From Stable
https://www.moodys.com/research/Moodys-changes-Vales-outlook-to-negative-
affirms-all-ratings--PR_325035?WT.mc_id=AM%
7eWWFob29fRmluYW5jZV9TQl9SYXRpbmcgTmV3c19BbGxfRW5n%7e20150512_PR_325035
Moody's changes Vale's outlook to negative; affirms all ratings
Global Credit Research - 12 May 2015
New York, May 12, 2015 -- Moody's Investors Service changed the rating
outlook for Vale S.A. (Vale) and related ratings to negative from stable. At
the same time, Moody's affirmed Vale's Baa2 senior unsecured rating, its (P
)Baa2 senior unsecured rating under its well-known seasoned issuer shelf
registration, and the Baa2 ratings on the foreign currency debt issues of
Vale Overseas (guaranteed by Vale) as well as Vale Overseas' (P)Baa2 senior
unsecured shelf rating. Moody's also affirmed the Baa2 senior unsecured
ratings of Vale Canada (not guaranteed by Vale).
At the same time, Moody's América Latina affirmed Vale's Baa2 global scale
local currency rating and Aaa.br National Scale Rating (NSR) as well as the
Baa2 global scale local currency rating and Aaa.br NSR on Vale's BRL 750
million senior unsecured notes (Debentures de Infraestrutura). For further
information, please see the ratings tab on the issuer/entity page for the
respective issuer on www.moodys.com.br.
Outlook Actions:
..Issuer: Vale Canada Ltd.
....Outlook, Changed To Negative From Stable
..Issuer: Vale Overseas Limited
....Outlook, Changed To Negative From Stable
..Issuer: Vale S.A.
....Outlook, Changed To Negative From Stable