11.03.2016 21:13:00

Corporacion Nacional del Cobre de Chile -- Moody's downgrades CODELCO to A3; negative outlook

New York, March 11, 2016 -- Moody's Investors Service has downgraded to A3 from A1 the long-term senior unsecured rating for Corporacion Nacional del Cobre de Chile (CODELCO). At the same time, Moody's has lowered CODELCO's baseline credit assessment (BCA) to ba2 from baa1. The outlook remains negative. These rating actions conclude the review initiated on January 21, 2016.

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