Moody's Ratings upgrades Buenaventura's ratings to Ba3; stable outlook
Moody's Ratings (Moody's) today upgraded Compania de Minas Buenaventura S.A.A.'s (Buenaventura) Corporate Family Rating (CFR) and Senior Unsecured Notes to Ba3 from B1. The outlook changed to stable from positive. The rating action follows material liquidity improvements following the issuance of ...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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