Fitch downgrades Eramet and place it on Rating Watch Negative; majority of earnings will come from manganese

Fitch Ratings downgraded Eramet’s Long-Term Issuer Default Rating (IDR) and senior unsecured rating to ‘BB-‘ from ‘BB’ and placed the ratings on Rating Watch Negative. The Recovery Rating is ‘RR4’”. The actions reflect Fitch’s expectations of weaker earnings in 2025-2026. Eramet’s debt is high following the 2024 acquisition of the remaining stake in its Centenario…

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