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Emerging MarketsEM LatAm

Moody’s stabilises Vale rating, S&P and Fitch still negative

Vale, Brumadinho, Minas Gerais, Brazil, tragedy, mine, mining, miner, LatAm, dam

Clarity on the costs that Brazilian mining giant Vale will face as a result of a tragic accident at one of its dams in January has led Moody’s to remove the negative outlook from the company’s Ba1 rating.

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