16.04.2015 10:54:00
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Fortescue Metals Group Ltd -- Moody's downgrades Fortescue's CFR to Ba2; Outlook negative
Sydney, April 16, 2015 -- Moody's Investors Service has downgraded Fortescue Metals Group Ltd's corporate family rating to Ba2 from Ba1. At the same time Moody's has downgraded FMG Resources (August 2006) Pty Ltd's senior unsecured rating to Ba3 from Ba2 and senior secured rating to Ba1 from Baa3.