Moody’s Downgrades Midwest Vanadium

Moody’s Investor Service reported that they have downgraded Midwest Vanadium’s rating to Caa2 from Caa1 over liquidity concerns.

As quoted in the market report:

Slower than expected ramp-up of ferrovanadium production due to performance issues in its crushing, milling and beneficiation circuit has delayed cash flow generation.

To view the whole Moody’s report, click here.