Moody's changes Freeport's outlook to stable; affirms all ratings
Rating Action: Moody's changes Freeport's outlook to stable; affirms all ratings. Global Credit Research- 09 Dec 2020. New York, December 09, 2020-- Moody's Investors Service, changed the outlooks for Freeport-McMoRan Inc and Freeport Minerals Corporation to stable from negative.
Freeport-McMoRan is a holding company. Through its subsidiaries, the company is a mining company. The company operates assets with proven and probable reserves of copper, gold and molybdenum, and the company is a publicly traded copper producer. The company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits; and mining operations in North America and South America, including the Morenci minerals district in Arizona and the Cerro Verde operation in Peru. The company has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines.
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