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S&P trims First Quantum Minerals
S&P said it lowered the rating for First Quantum Minerals Ltd. to B- from B on the recent downgrade of Zambia to CCC+ from B-.
“The stable outlook remains linked in the short term to the outlook on Zambia. We expect the link to weaken thereafter, as FQM's geographical diversification improves with the ramp-up of its greenfield copper mine, Cobre Panama,” the agency said.
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