Paranapanema gets rated, heard to meet accounts

Paranapanema gets rated, heard to meet accounts

Bonds

Paranapanema was assigned a Ba3 rating by Moody’s and B+ by Standard & Poor’s last week, and was heard to be meeting investors. A possible bond sale would mark the copper producer’s debut in the international market. Market talk indicating that Paranapanema was planning to issue a cross border instrument first started in September. “The ratings incorporate our expectations that challenging fundamentals in the copper industry will continue to pressure Paranapanema's credit metrics, as the copper

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial