Moody’s affirms Ferreycorp

Moody's Investors Service said it affirmed Ferreycorp SAA's Ba1 corporate family rating and the Ba1 rating on its $300 million 4 7/8% senior guaranteed notes due 2020.

The outlook is stable.

“The affirmation of Ferreycorp's Ba1 ratings reflect the company's solid credit profile and its long track record of stable operating performance, as evidenced by the company's well-balanced business between new unit sales and spare parts and services,” the agency said in a news release.

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