S&P rates Vale Overseas guaranteed notes A-

Standard & Poor's said it assigned its A- rating to the senior unsecured guaranteed notes due 2022 to be issued by Vale Overseas Ltd., a wholly owned subsidiary of Vale SA.

"The rating on the notes reflects the credit quality of Vale, which irrevocably and unconditionally guarantees the notes," said S&P credit analyst Milena Zaniboni in a news release.

"The notes will rank equal to Vale's other unsecured and unsubordinated debts," she said.

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