03.12.2013 09:51:00
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CITIC Pacific Limited -- Moody's: CITIC Pacific's first iron ore shipment is credit positive
Hong Kong, December 03, 2013 -- Moody's Investors Service says that CITIC Pacific Limited's (Ba2, negative) first shipment of iron ore is a credit positive development, because it has removed one of the major uncertainties surrounding its greenfield project, which has pressured its credit profile over the past few years.