Moody's lowers Midwest Vanadium notes to Caa1

Moody's Investors Service said it downgraded the corporate family and senior secured ratings of Midwest Vanadium Pty. Ltd. to Caa1 from B3.

The outlook is negative.

"The ratings downgrade reflects material concerns with regard to MVPL's capacity to maintain sufficient liquidity to fund full ramp up of operations and incremental capex associated with plant modifications," Moody's assistant vice president and analyst Matthew Moore said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.