Moody's cuts Midwest Vanadium

Moody's Investors Service said it downgraded the corporate family and senior secured ratings of Midwest Vanadium Pty Ltd to Caa2 from Caa1.

The outlook remains negative.

"The rating downgrade reflects continued concerns with regard to Midwest Vanadium's capacity to maintain sufficient liquidity to fund ongoing ramp up and meet its obligations to service its debt," Moody's assistant vice president and analyst Matthew Moore said in a news release.

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