MinRes' credit rating downgraded by Fitch
ASX-listed Mineral Resources (MinRes) has had its credit rating downgraded by Fitch Ratings to BB- from BB, with a negative outlook, the company announced on Wednesday. The downgrade aligns Fitch’s rating with MinRes’ existing Moody’s rating of Ba3, which has remained unchanged since its initiation in 2019.
ASX-listed Mineral Resources (MinRes) has had its credit rating downgraded by Fitch Ratings to BB- from BB, with a negative outlook, the company announced on Wednesday. The downgrade aligns Fitch’s rating with MinRes’ existing Moody’s rating of Ba3, which has remained unchanged since its initiation in 2019.
