An update from Mineral Resources Limited ( (AU:MIN) ) is now available.
Mineral Resources Limited has announced that Fitch Ratings has downgraded its credit rating to BB- from BB, aligning with Moody’s Ba3 rating. Despite this downgrade, the company maintains a covenant-light capital structure, significant liquidity, and plans to deleverage its balance sheet through earnings growth. As the Onslow Iron project reaches full capacity in early FY26, it is expected to generate significant cash flow, supporting the company’s long-term leverage target of 2.0x EBITDA.
More about Mineral Resources Limited
Mineral Resources Limited (ASX: MIN) is a leading diversified resources company with extensive operations in lithium, iron ore, energy, and mining services across Western Australia. Known for its focus on people and innovation, MinRes has been one of the ASX’s best-performing companies since its listing in 2006.
YTD Price Performance: -34.18%
Average Trading Volume: 605
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.76B
For detailed information about MIN stock, go to TipRanks’ Stock Analysis page.