S&P downgrades Molycorp over cash flow concerns

By Laura Syrett
Published: Tuesday, 14 August 2012

Company’s liquidity may be inadequate to complete rare earths project says analyst

US rare earths producer Molycorp Inc. has had its rating lowered from ‘B’ to ‘CCC+’ by the international credit ratings agency Standard & Poor’s owing to concerns over the company’s liquidity.

The downgrade was prompted by the news that Molycorp, which reported losses...

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