23.04.2015 10:06:00
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Fortescue Metals Group Ltd -- Moody's assigns Ba1 rating to Fortscue's secured notes, Lowers unsecured rating to B1
Sydney, April 23, 2015 -- Moody's Investors Service has assigned a Ba1 rating to FMG Resources (August 2006) Pty Ltd'sUSD2.3 billion senior secured notes issue. At the same time, Moody's has downgraded FMG Resources senior unsecured ratings to B1 from Ba3 and affirmed the Ba1 rating on the existing senior secured debt facilities. Moody's has also affirmed Fortescue Metals Group Ltd's Ba2 corporate family rating.