Eurasian Resources Group enters into a principal agreement with China's NFC to complete the construction of its project in Africa; EXIM and ICBC to support the financing, Sinosure to provide the insurance
Moody’s, Rating Action: Moody's upgrades ERG to B1, stable outlook
Moody's Investors Service ("Moody's") reports that it has upgraded the long-term corporate family rating (CFR) and the probability of default rating (PDR) of Eurasian Resources Group from B2 to B1 and from B2-PD to B1-PD, respectively, on 24 June. Moody's has also upgraded ERG’s baseline credit assessment (BCA) to 2 from b3. The article notes that ERG’s outlook on all ratings has been changed from negative to stable.
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