Moody’s rates Minera de Mexico notes Baa2

Moody’s Investors Service said it assigned a Baa2 rating to the proposed senior notes to be issued by Minera Mexico, SA de CV, a wholly owned subsidiary of Southern Copper Corp.

The Baa2 senior unsecured ratings of the notes issued by Southern Copper and Minera Mexico remain unchanged.

Proceeds will be used for capital spending in Mexico, including the Pilares copper project and Buenavista zinc expansion, and other general corporate purposes.

The outlook is positive.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.