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.
The full article is available here: link