Report
EUR 154.71 For Business Accounts Only

Moody's says Lundin's offer to acquire Nevsun is credit negative

Moody's Investors Service, ("Moody's") commented that Lundin Mining Corporation ("Lundin") announcement that it intends to make an offer to purchase Nevsun Resources Ltd. for approximately $1.1 billion is credit negative because the purchase, if successful, will cause liquidi...
Underlying
Lundin Mining Corporation

Lundin Mining is a holding company. Through its subsidiaries, Co. is engaged in the exploration for minerals and the production of base metals, with a focus on zinc.

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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