Vale clinches return to IG status

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Vale clinches return to IG status

Oliver West
July 25, 2018 12:00 PM
Vale, Carajas, Brazil, Brasil, bond, bono, mining
A FILE undated picture shows a partial view of the Vale mining in the city of Carajas, Para state, Brazil. On 28 November 2011 Vale mining announced 21,400 million investments for 2012. Photo: Werner Rudhart/dpa/ rc | A4045 Werner Rudhart/DPA/PA Images

Brazilian mining giant Vale regained full investment grade status yesterday as Moody’s upgraded the borrower to Baa3, crowning a steep recovery in the company’s credit quality.

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Oliver West
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