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S&P lifts CVRD out of junk territory

GLOBAL rating agency Standard & Poor's has granted investment grade status to iron ore giant CVRD...

Greg Tubby
S&P lifts CVRD out of junk territory

S&P said the BBB rating – two notches about investment grade and four above Brazil – reflects CVRD’s solid business profile, particularly its low cost base and leading position in the global seaborne iron...

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