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S&P revises CAP view to stable
S&P said it revised CAP SA’s outlook to stable from negative and affirmed its global scale ratings.
“The record high iron ore prices and recovered volumes of iron ore dispatches after fixing the Guacolda 2 Port improved Chilean-based pellets and steel producer CAP SA’s credit metrics considerably, and we expect net debt to EBITDA to remain comfortably below 1.5x in 2021,” the agency said in a press release.
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