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Volcan Compania Minera S.A.A. y Subsidiarias: Covenant Quality Post-Sa...

Volcan Compania Minera S.A.A. y Subsidiarias's covenant package provides upper-tier moderate protection, reflecting a CQ score of 2.70.

Volcan Compania Minera S.A.A. y Subsidiarias: Update following upgrade...

Our credit view of this issuer reflects its adequate credit metrics.

Volcan Compania Minera S.A.A. y Subsidiarias: Pre-sale report

On 16 October 2025 we upgraded Volcan's ratings to B2 and changed the outlook to positive. We also assigned a B2 rating to the company's proposed notes.

Moody's Ratings upgrades Volcan's ratings to B2 and assigns a B2 ratin...

Moody's Ratings (Moody's) has upgraded Volcan Compania Minera S.A.A. y Subsidiarias ("Volcan")'s Corporate Family Rating ("CFR") and its Senior Secured notes due 2030 to B2 from B3. We have also upgraded Volcan's Senior Unsecured notes due 2026 to B3 from Caa1. The outlook was changed to positive fr...

Moody's Ratings upgrades Volcan's CFR to B3; stable outlook

Moody's Ratings (Moody's) has upgraded today Volcan Compania Minera S.A.A. y Subsidiarias ("Volcan")'s Corporate Family Rating ("CFR") and its 8.75% Senior Secured notes to B3 from Caa1. We have also upgraded Volcan's 4.375% Senior Unsecured notes to Caa1 from Caa2. The outlook was changed to stable...

Volcan Compania Minera S.A.A. y Subsidiarias: Update following confirm...

Our credit view of Volcan reflects its improved liquidity and cash flow generation, offset by the volatility of commodity prices.

Moody's Ratings confirms Volcan's Caa1 ratings; outlook changed to pos...

Moody's Ratings (Moody's) has confirmed today Volcan Compania Minera S.A.A. y Subsidiarias ("Volcan")'s Caa1 Corporate Family Rating ("CFR") and the Caa1 rating on its senior secured notes due in January 2030. We have also confirmed Volcan's Caa2 rating of its 4.375% Senior Unsecured notes due in Fe...

Moody's Ratings assigns Caa1 to Volcan's proposed exchange notes; rati...

Moody's Ratings (Moody's) assigned a Caa1 rating to Volcan Compania Minera S.A.A. y Subsidiarias ("Volcan")'s proposed new senior secured exchange notes for up to $365 million. The rating of the proposed notes is also placed on review for upgrade. Volcan's other ratings, including its Caa1 Corporate...

Moody's Ratings upgrades Volcan's CFR to Caa1; places all ratings unde...

Moody's Ratings (Moody's) has upgraded today Volcan Compania Minera S.A.A. y Subsidiarias ("Volcan")'s Corporate Family Rating ("CFR") to Caa1 from Caa3. We have also upgraded Volcan's 4.375% $365 million in Senior Unsecured notes to Caa2 from Caa3. We placed the ratings on review for further upgrad...

Volcan Compania Minera S.A.A. y Subsidiarias: Glencore’s disposal of V...

Change of control does not affect Caa3 ratings. Change of control clause is not immediately triggered.

Volcan Compania Minera S.A.A. y Subsidiarias: Update following downgra...

Our credit view of Volcan reflects its weak liquidity and financial flexibility, which increases the risk of a restructuring or distressed exchange.

Moody's downgrades Volcan's ratings to Caa3; outlook remains negative

Moody's Investors Service (Moody's) has downgraded today Volcan Compania Minera S.A.A. y Subsidiarias ("Volcan")'s Corporate Family Rating ("CFR") and Senior Unsecured ratings to Caa3 from Caa1. The outlook remains negative. RATINGS RATIONALE The downgrade of Volcan's ratings reflects the increasing...

Moody's downgrades Volcan's ratings to Caa3; outlook remains negative

Moody's Investors Service (Moody's) has downgraded today Volcan Compania Minera S.A.A. y Subsidiarias ("Volcan")'s Corporate Family Rating ("CFR") and Senior Unsecured ratings to Caa3 from Caa1. The outlook remains negative. RATINGS RATIONALE The downgrade of Volcan's ratings reflects the increa...

Volcan Compania Minera S.A.A. y Subsidiarias: Update following downgra...

Our credit view of this issuer reflects its constrained cost structure, which adds to the earnings volatility stemming from the exposure to commodity prices.

Moody's downgrades Volcan's ratings to Caa1; outlook remains negative

Moody's Investors Service ("Moody's")  has downgraded today Volcan Compania Minera S.A.A. y Subsidiarias ("Volcan")'s Corporate Family Rating ("CFR") and Senior Unsecured rating to Caa1 from B2. The outlook remains negative. Downgrades: ..Issuer: Volcan Compania Minera S.A.A. y Subsidiarias .......

Volcan Compania Minera S.A.A. y Subsidiarias: Update following downgra...

Our credit view of Volcan reflects its increasing refinancing risk and costs pressures.

Moody's downgrades Volcan's ratings to B2; changes outlook to negative

Moody's Investors Service ("Moody's")  has downgraded today Volcan Compania Minera S.A.A. y Subsidiarias ("Volcan")'s corporate family rating (CFR) and senior unsecured rating to B2 from B1. The outlook was changed to negative from stable. Downgrades: ..Issuer: Volcan Compania Minera S.A.A. y Su...

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