Fitch removes Vale from negative watch, view stable

Fitch Ratings said it removed Vale SA’s rating from rating watch negative and has assigned a outlook of stable. The agency also reaffirmed Vale’s BBB- and AAA(bra) ratings.

“These rating actions reflect fewer uncertainties and improved visibility regarding fines, reparation costs and financial obligations related to the company's tailings dam disaster at its Corrego do Feijao mine in Brumadinho on Jan. 25, 2019,” said Fitch in a news release.

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