CAPITAL MARKETS

Mirabela downgraded again

STANDARD & Poor’s Rating Services has lowered the corporate credit rating on troubled Mirabela Nickel to D, after the company inked standstill arrangements with major creditors.

Kristie Batten
Mirabela downgraded again

It comes after S&P lowered Mirabela’s rating last month to SD after the company missed interest payments on its $US395 million ($A421.2 million) 8.75% notes.   The missed interest payment triggered a...

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