Wed, May 5, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Metals and Minerals more

Mining sector won’t recover anytime soon - Moody’s

Posted on 28 January 2016

There is little light on the horizon in the mining sector and it is unlikely to return to normality for years to come, said rating agency Moody’s Investors Service. “We believe that the current severe downturn in the mining industry represents a fundamental shift in the operating environment and that, as a consequence, a wholesale recalibration of ratings is required,” Moody’s said.
The slump is unprecented and no mere normal cyclical downturn, said Moody’s, adding that stress on companies in the metals and mining industry could surpass that seen during the 2008/2009 financial crisis………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
May 2021
S M T W T F S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031