Brief: Moody's says placed the ratings of 11 mining companies rated in the US and their rated subsidiaries, on review for downgrade

Natural Resource Partners

22/01/2016 03:58

Jan 21 (Reuters) -  
 * Moody's says placed the ratings of 11 mining companies rated in the US and 
their rated subsidiaries, on review for downgrade 
 * Moody's-increased likelihood of prices for base metals, precious metals, 
others to approach levels closer to Moody's stressed sensitivity scenario 
 * Moody's believes that downturn of mining companies will mark an unprecedented 
shift for the mining industry 
 * Moody's on mining co - strong US dollar is further factor contributing to 
weakening demand,driving prices lower since most metals traded in dollars 
 * Moody's on US mining cos - effect of slowing growth in China indicates a 
fundamental change that will heighten credit risk for mining companies 
 
* Source text (http://bit.ly/1Pm7oC9) 
 
((Bengaluru Newsroom; +1 646 223 8780))