New York, August 24, 2015 -- Moody's Investors Service ("Moody's") downgraded Cobre del Mayo, S.A. de C.V's ( Cobre del Mayo) Corporate Family Rating (CFR) and the rating on its guaranteed senior notes due 2018 to Caa1 from B3 respectively. This rating action reflects increased liquidity risk and significant deterioration in credit metrics, which are expected to remain pressured. The outlook was changed to RUR for downgrade from stable.
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