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S&P Credit Research876 word report
published Nov 03, 2009
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| Abstract: | SAO PAULO (Standard&Poor's) Nov. 3, 2009--Standard&Poor's Ratings Services said today that it has assigned its 'BBB+' rating to the forthcoming guaranteed notes due 2039 issued by Vale Overseas Ltd., a wholly owned subsidiary of Vale S.A. (Vale; BBB+/Stable/--). The notes will be unconditionally guaranteed by Vale. The rating on the guaranteed notes reflects the credit quality of the guarantor, Vale. These notes will rank equal in rights to Vale's unsecured and unsubordinated debts. "The corporate credit rating on Vale reflects: the company's strong business profile characterized by its leading position in iron ore exports and nickel production; its improved geographic and product diversity; and the competitive cost structure of most of the metal commodities it produces.
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| Brief Excerpt: | RESEARCH Ratings Definitions Vale Overseas Ltd. Guaranteed Notes Due 2039 Rated '###+' Publication date: 03-Nov-2009 Primary Credit Analyst: Milena Zaniboni, Sao Paulo (55) 11 3039-9739; milena_zaniboni@standardandpoors.com Secondary...
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| Report Type: | Ratings Action
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| Issuer: | Vale Overseas Ltd.
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| GICS: | Steel (15104050)
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| Sector: | Global Issuers, Structured Finance
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| Country: | Brazil
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| Region: | Latin America
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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- Vale Overseas Ltd. Guaranteed Notes Rated 'BBB+' $100.00
SAO PAULO (Standard&Poor's) Sept. 8, 2009--Standard&Poor's Ratings Services said today that it assigned its 'BBB+' rating to the forthcoming guaranteed notes to be issued by Vale Overseas Ltd., a wholly owned subsidiary of Brazil-based mining ...
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SAO PAULO (Standard&Poor's) Nov. 16, 2006--Standard&Poor's Ratings Services said today that it assigned its 'BBB' rating to the forthcoming guaranteed notes due 2017 ($1.25 billion) and 2036 ($2.5 billion), to be issued by Vale Overseas Ltd., ...
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SAO PAULO (Standard&Poor's) Jan. 4, 2006--Standard&Poor's Ratings Services today assigned its 'BBB' rating to the forthcoming guaranteed notes due 2016 to be issued by Vale Overseas Ltd., a wholly owned subsidiary of Brazil-based mining company ...
- Research Update: Vale Overseas Ltd. Guaranteed Notes Assigned 'BBB' Rating $175.00
On Jan. 4, 2006, Standard&Poor's Ratings Services assigned its 'BBB' rating to the forthcoming guaranteed notes due 2016 to be issued by Vale Overseas Ltd., a wholly owned subsidiary of Brazil-based mining company Companhia Vale do Rio Doce ...
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SAO PAULO (Standard&Poor's) Oct. 27, 2005--Standard&Poor's Ratings Services today assigned its 'BBB' rating to the 8.25% $300 million guaranteed notes issued by Vale Overseas Ltd. The notes are due in 2034 and are guaranteed by Companhia Vale ...
- Research Update: Vale Overseas Ltd. 8.25% $300 Million Guaranteed Notes Assigned 'BBB' Rating $175.00
On Oct. 27, 2005, Standard&Poor's Ratings Services assigned its 'BBB' rating to the 8.25% $300 million guaranteed notes issued by Vale Overseas Ltd. The notes are due in 2034 and are guaranteed by Companhia Vale do Rio Doce (CVRD). The rating ...
