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