Codelco Faces Credit Downgrade as Debt Mounts Amid Chinese Slowdown

Moody’s Ratings downgraded Codelco’s credit rating from Baa1 to Baa2 yesterday, citing production challenges, high costs, and substantial capital investment needs. The Chilean state-owned copper giant now sits just two notches above junk status as it navigates uncertain commodity markets and growing trade tensions. The downgrade affects Codelco’s euro-denominated medium-term senior unsecured bonds and global […]