Mirabela Nickel Limited - Debt rating lowered by S&P

PERTH, AUSTRALIA, Oct. 2, 2013 /CNW/ - Mirabela Nickel Limited (Mirabela or the Company) (ASX: MBN, TSX: MNB) wishes to advise that Standard and Poor's Ratings Services lowered the Company's corporate credit rating from 'CCC+' to 'B-'.    In addition to the down grade, the rating is also placed on CreditWatch with negative implications.

The down grade comes as a result of the Company and Operational Update announcement to the ASX on 26 September 2013 and the subsequent Company Update on 1 October 2013.

SOURCE Mirabela Nickel Ltd.

For further information:

CONTACT DETAILS
John Stamopoulos
General Manager Commercial
Telephone: +61 406 424 916
shanik@mirabela.com.au 

Chris Els
Chief Financial Officer & Company Secretary
Telephone: +61 439 930 333
shanik@mirabela.com.au