Compania de Minas Buenaventura is a precious metals mining group based in Peru. Co. is engaged in the exploration, mining, concentration and processing of gold and silver, either as concentrates or dorA(c) bars, and other metals such as lead, zinc and copper as concentrates that Co. distributes and sells locally and internationally. Co. also owns an electric power transmission company, a hydroelectric plant, a processing plant and an engineering services consulting company and non-controlling interests in several other mining companies.
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Rating Action: Moody's changes Buenaventura's outlook to negative; affirms Ba2 rating. Global Credit Research- 14 Feb 2020. New York, February 14, 2020-- Moody's Investors Service has today changed the outlook on Compañia de Minas Buenaventura S.A.A.' s rating to negative from positive and affirmed its corporate family rating at Ba2, reflecting the company's weak operating results in 2019 and Moody's expectations that credit metrics will remain soft in the next 12 to 18 months.
Rating Action: Moody's downgrades Banco Ford's ratings; reviews for further downgrade. Global Credit Research- 28 Mar 2020. New York, March 28, 2020-- Moody's Investors Service, has today downgraded to Ba2, from Ba1, Banco Ford S.A.' s long term global local currency deposit rating, as well as the long-term counterparty risk assessment to Ba1, from Baa3 and the long-term local currency counterparty risk rating to Ba1, from Baa3.
Rating Action: Moody's downgrades Codere's CFR to Caa1; outlook negative. Global Credit Research- 27 Mar 2020. Paris, March 27, 2020-- Moody's Investors Service, has downgraded Codere S.A.' s corporate family rating to Caa1 from B3, its probability of default to Caa1-PD from B3-PD and its senior secured notes, issued by Codere Finance 2 S.A., instrument rating to Caa1 from B3.
Rating Action: Moody's downgrades Cirsa CFR to B2; places ratings on review for further downgrade. Global Credit Research- 28 Mar 2020. Paris, March 28, 2020-- Moody's Investors Service, has downgraded Cirsa Enterprises, Sociedad Limitada corporate family rating to B2 from B1 and its probability of default to B2-PD from B1-PD.
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