S&P ups Eurasian Resources

S&P said it raised its long-term issuer credit rating on Eurasian Resources Group (ERG) Sarl to B from B-. The outlook is positive.

S&P also affirmed the B short-term issuer credit rating.

“The rating action reflects our view that ERG is well positioned to benefit from relatively supportive prices for metal commodities, notably ferrochrome (and ferroalloys in general), aluminum, copper, iron ore, and, after the ramp-up of the Roan Tailings Reclamation (RTR) project, cobalt,” S&P said in a news release.

© 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.