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S&P moves Metalcorp view to stable
S&P said it revised its outlook for Metalcorp Group SA to stable from positive and affirmed the B ratings on the company and its €300 million senior secured notes.
“The stable outlook reflects Metalcorp's ability to continue ramping up its bauxite operations with a first EBITDA contribution by the last quarter of 2022, as well as the ability to benefit from the favorable demand for its products and services in the second half of the year. Both should result in somewhat negative FCF in the coming 12-18 months,” the agency said in a press release.
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