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10.09.2013 18:05:00
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Consolidated Minerals Limited -- Moody's upgrades Consolidated Minerals' ratings to B3; stable outlook
London, 10 September 2013 -- Moody's Investors Service has today upgraded the corporate family rating (CFR) of Consolidated Minerals Limited ('ConsMin') to B3 from Caa1 and its probability of default rating (PDR) to B3-PD from Caa1-PD. Concurrently, the rating agency has upgraded the rating on ConsMin's senior secured notes to B3 with a loss given default assessment of LGD3 (47%). The outlook on all ratings is stable.
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