Moody's Investors Service on Tuesday placed Alcoa Inc's Baa3 senior unsecured and Prime-3 short term rating under review for downgrade, reflecting the headwinds facing the company due to the decline in aluminum prices. The outlook was ...
Tags: Moody, Investors Service, aluminum price, aluminum
Al Buraimi Industrial Estate saw this year the establishment of over 15 projects ranging between manufacturing, warehouses and services in the estate on a total space of 111,413 square meters. This was revealed at the annual meeting of ...
Tags: Projects, Industrial Estate, Service
StockMarketWire.com reported that Moody's Investors Service has changed the outlook on the Caa1 corporate family and senior unsecured ratings of Mirabela Nickel to stable from negative. Moody's said that the change reflects Mirabela's ...
Tags: Investors Service, changed the outlook, corporate family, Mirabela Nickel
Moody’s Investors Service has affirmed Vedanta Resources Plc’s corporate family rating at Ba1 and its senior unsecured rating at Ba3. The outlook for both ratings remains negative. Vedanta’s rating reflects its earnings ...
Tags: Vedanta, rating, acquisition, cash flow
Moody's Investors Service predicted that Asian steel demand would rise slightly in next year. Also, it forecasted that China's steel demand would increase by 2%~4% in 2013. China's steel production and consumption accounted for 70% in ...
Hyundai Asia Resources Inc, the official distributor of Hyundai vehicles in the country, said that sales in the first 10 months grew 13% YoY, driven by a strong turnover in the passenger car category. Hari said in a report that it sold ...
Tags: Hyundai Car, sales, aoro, car
Islamabad: Pakistan cut interest rates by a greater-than-forecast 1.5 percentage points, seeking to bolster faltering growth with the first reduction since 2011 after inflation slowed to a more than two-year low. The State Bank of Pakistan ...
Tags: market view, cement
French cement maker Lafarge SA (LG. FR) is planning to sell a seven-year, euro-denominated bond, one of the banks running the sale said Monday. Initial price guidance has been set in the area of 6.25%. BNP Paribas, Credit Agricole, HSBC, ...
Tags: market view, cement
Good news at one flooring company has given hope to many in the flooring sector for an improvement in the wider economy. Moody's Investors Service has raised the ranking of American flooring firm Mohawk based on recent figures and ...
Tags: News Update, Market View, flooring