TIMELINE: The ups and downs of rare earths producer Molycorp

USA-based rare earths miner Molycorp has taken advantage of two 30-day grace periods in as many weeks on payments of notes due on June 1 and June 15.

This has led to ratings agency Moody’s downgrading Molycorp’s corporate family rating to Ca from Caa2, lowering the rating on senior secured debt to Caa3 from B3 and setting its...

Published

James Heywood

June 24, 2015

11:24 GMT

London