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Reuters reported that S&P has cut their rating for Consolidated Minerals from ‘B’ to ‘B-‘, due to waning demand from Chinese steel producers.
Reuters reported that S&P has cut their rating for Consolidated Minerals from ‘B’ to ‘B-‘, due to waning demand from Chinese steel producers.
As quoted in the market report:
The negative outlook reflects the risk that group EBITDA may not improve significantly in 2013 and that potentially negative free operating cash flow could weaken ConsMin’s liquidity.
