Report
EUR 166.30 For Business Accounts Only

Moody's withdraws Largo Resource's ratings following debt repayment

Rating Action: Moody's withdraws Largo Resource's ratings following debt repayment. Global Credit Research- 09 Jul 2019. Toronto, July 09, 2019-- Moody's Investors Service is withdrawing the credit ratings of Largo Resources Ltd., including its B2 Corporate Family Rating and stable outlook following the redemption of its 9.25% Senior Secured Notes due 2021, which has resulted in the company repaying all its rated debt.
Underlying
Largo Resources Ltd.

Largo Resources is a mineral company with projects in Brazil and Canada. Co. is engaged in vanadium production at its Vanadio de Marac?s Menchen Mine.

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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