Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AMG Critical Materials NV > News item |
Moody’s changes AMG outlook to stable
Moody’s Ratings said it changed its outlook for AMG Critical Materials NV to stable from positive and affirmed the company’s B1 ratings and the Ba2 ratings of its senior secured revolving credit facility. The company seeks to borrow $50 million in incremental term loans.
“The change in the outlook to stable reflects a sharp deterioration in lithium prices in the last six to nine months, soft ferrovanadium market environment and Moody's expectations that spodumene, lithium hydroxide and carbonate prices will remain near spot levels in the short term given the ongoing inventory destocking in the global supply chain,” the agency said in a press release.
The outlook assumes that after eroding in 2024 as projected by the agency, AMG's earnings and cash flows will demonstrate substantial growth in 2025 and credit metrics will near levels commensurate with a B1 rating.
© 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.