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11.04.2014 21:08:00
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Vale S.A. -- Moody's América Latina affirms Vale's local currency and National Scale Ratings; outlook changed to positive
Sao Paulo, April 11, 2014 -- Moody's América Latina ("Moody's") changed the rating outlook for Vale S.A. (Vale) to positive from stable. At the same time, Moody's affirmed Vale's Baa2 global local currency Issuer rating, its Aaa.br Brazilian national scale rating, and the Baa2 global scale local currency rating and Aaa.br national Scale Rating (NSR) on Vale's BRL 750 million senior unsecured notes (Debentures de Infraestrutura).
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