Frankfurt am Main, June 14, 2016 -- The mining operations of Europe's equipment makers like Atlas Copco AB (A2 stable), Metso Corporation (Baa2 stable) and Weir Group Plc (The) (Baa3 negative) will not be the main drivers of their overall credit quality in 2016, despite expected double-digit cuts in miners' capex for a fourth successive year, says Moody's Investors Service in a report published today. Moody's forecasts a further 25% to 30% cut in overall capex by its rated mining companies in 2016.
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