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Prospect News home > News index > List of issuers V > Headlines for Vale SA > News item
Published on 3/28/2012 in the Prospect News Canadian Bonds Daily, Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

DBRS rates Vale Overseas notes BBB (high)

DBRS said it assigned a provisional rating of BBB (high) with a stable trend to the proposed long-term notes due 2022 to be issued by Vale Overseas Ltd.

The notes will be irrevocably and unconditionally guaranteed by Vale SA.

The proceeds will be used for general corporate purposes.

The guaranteed notes are to be issued by a reopening of Vale Overseas' 4.375% notes due 2022, DBRS said.


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