Report
EUR 166.30 For Business Accounts Only

Moody's downgrades Buenaventura's rating to B1; negative outlook

Rating Action: Moody's downgrades Buenaventura's rating to B1; negative outlook. Global Credit Research- 03 Apr 2020. New York, April 03, 2020-- Moody's Investors Service has today downgraded to B1 from Ba2 the corporate family rating of Compania de Minas Buenaventura S.A.A..
Underlying
Compania de Minas Buenaventura SAA

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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