Buenaventura Gets Second IG Mark

Buenaventura Gets Second IG Mark

Peru Corporate & Sovereign Strategy

Moody’s has assigned a Baa3 rating to Peru’s Compania de Minas Buenaventura, it says, giving the miner in the DCM pipeline its second investment-grade mark. The rating reflects a “competitive cost position, which should support the company's earnings and credit metrics even at a lower metal price environment,” the agency says. The second mark comes as Peru’s largest publicly-traded precious metals mining company is set to decide between a bond or an alternative such as a syndicated loan. Bank of

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