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Standard & Poor's downgrades Molycorp (MCP -4.9%) two notches further into junk territory,...

Standard & Poor's downgrades Molycorp (MCP -4.9%) two notches further into junk territory, to CCC+ from B, and places its ratings on watch with "developing implications," noting the rare-earth miner's cash flow likely will be less than it expected this year due to lower prices and customer destocking.
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