Sydney, August 24, 2015 -- Moody's Investors Service says today that Fortescue Metals Group Ltd ("Fortescue") full-year results for the year ended 30 June 2015 (FY15) are credit negative but in line with Moody's expectations given the weaker iron ore price and market fundamentals. As such, there is no immediate impact on ratings, including Fortescue's Ba2 Corporate Family Rating (CFR) and the Ba1 senior secured and B1 senior unsecured ratings of FMG Resources (August 2006) Pty Ltd. The outlook on all ratings is negative.
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