Moody's rates HudBay notes B3

Moody's Investors Service said it assigned a B3 rating to HudBay Minerals, Inc.'s proposed offering of C$150 million of senior unsecured notes due October 2020, which is an add-on to the C$500 million senior unsecured notes issued in September 2012.

HudBay's B3 corporate family rating, B3-PD probability of default, B3 senior unsecured and SGL-3 speculative grade liquidity ratings are unchanged and the outlook remains stable.

Proceeds from the new notes will be used to help fund the company's various development properties in Canada and Peru.

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