Moody's might cut Mirabela Nickel

Moody's Investors Service said it placed Mirabela Nickel Ltd.'s Caa1 corporate family rating and Caa1 senior unsecured rating on review for possible downgrade following the company's announcement of its company and operational update.

"The review for downgrade reflects our significant concerns around Mirabela's ongoing liquidity following today's announcement and its ability to meet its financial obligations over the next twelve months," Moody's vice president and senior analyst Matthew Moore said in a news release.

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