Moody’s changes Eurasian Resources view

Moody’s Investors Service said it changed to stable from positive the outlook of Eurasian Resources Group Sarl.

The agency affirmed the B2 corporate family rating and B2-PD probability of default rating.

The agency said the actions reflect that reduction of the company's leverage, growth in its earnings and ramp-up of cobalt and copper production at its processing plant in the Democratic Republic of Congo (Caa1 stable) will take more time than the agency previously expected.

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