Sydney, August 23, 2016 -- Moody's Investors Service has upgraded Fortescue Metals Group Ltd's corporate family rating (CFR) to Ba2 from Ba3. At the same time, Moody's has also upgraded the senior unsecured and senior secured ratings of FMG Resources (August 2006) Pty Ltd to B1 and Ba1 from B2 and Ba2, respectively. The rating outlook is stable.

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