Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Vale Overseas Ltd. > News item |
Fitch rates Vale notes BBB
Fitch Ratings said it has assigned a BBB rating to Vale SA's proposed notes due 2019.
These notes will be issued through its subsidiary Vale Overseas Ltd. and will be unconditionally guaranteed by Vale, the agency said, noting that proceeds from the proposed $1 billion issuance will be used to refinance short-term debt maturities and for other general corporate purposes.
Fitch said it upgraded Vale's foreign currency issuer default rating to BBB from BBB- and its national-scale rating to AAA (bra) from AA+ (bra) on May 26.
The outlook is stable.
© 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.