Moody's downgrades Molycorp, notes weak rare earths pricing environment • 7:41 PM
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- Molycorp (MCP) -4.1% AH as Moody's downgrades MCP's corporate family rating to Caa2 from Caa1 and affirms the B3 rating on the company's senior secured notes.
- The downgrade reflects continued weakness in the rare earths pricing environment, ongoing negative free cash flows, weak liquidity and high leverage, the ratings firm says.
MCP price at time of publication: $2.95. Check MCP price now »
Moody's downgrades Molycorp, notes weak rare earths pricing...
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