24.01.2013 21:08:00
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Cliffs Natural Resources Inc. -- Moody's says Cliffs expected impairment and other charges of approximately $2 billion have no current impact on the Baa3 rating
New York, January 24, 2013 -- Moody's Investors Service, Inc. ("Moody's") said today that Cliffs Natural Resources ("Cliffs") announcement that it will recognize non cash impairment and other charges of approximately $2 billion in the quarter ended December 31, 2012 will not affect the company's Baa3 senior unsecured rating. The rating outlook is negative.