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:
General Manager Commercial
Telephone: +61 406 424 916
Chief Financial Officer & Company Secretary
Telephone: +61 439 930 333