Moody's downgrades Molycorp, notes weak rare earths pricing environment


Molycorp (MCP) -4.1% AH as Moody's downgrades MCP's corporate family rating to Caa2 from Caa1 and affirms the B3 rating on the company's senior secured notes.

The downgrade reflects continued weakness in the rare earths pricing environment, ongoing negative free cash flows, weak liquidity and high leverage, the ratings firm says.

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Comments (2)
  • diannepullan
    , contributor
    Comments (16) | Send Message
     
    Yea, stable outlook! now I can earn back the 72.50 a share that I've lost on this investment. thanks Moody's!
    19 Jun 2014, 07:47 PM Reply Like
  • Daveintosa
    , contributor
    Comments (142) | Send Message
     
    SQM makes sense! GO BREW CREW!!!!!!
    20 Jun 2014, 03:01 AM Reply Like
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