Report
EUR 164.52 For Business Accounts Only

Moody's changes Buenaventura's outlook to negative; affirms Ba2 rating

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.
Underlying
Compania de Minas Buenaventura S.A.

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.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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