Moody's changes Vale's outlook to stable; affirms Ba3 ratings
Sao Paulo, November 04, 2016-- Moody's América Latina Ltda upgraded to A2.br from A3.br the corporate family rating assigned on its Brazilian National scale to Vale S.A. and the senior unsecured notes issued by Vale S.A. The outlook changed to stable from negative. At the same time, Moody's Investors Service affirmed Vale's Ba3 ratings in the global scale local currency, the senior unsecured rating and the ratings on the foreign currency debt issues of Vale Overseas Limited.
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