June 20th, 2016

Our client Cedric RImaud, Gimme Credit's director of emerging markets, quoted here; 

if both BHP and Vale have stood firm behind their JV publicly, the depressed environment for iron ore prices, which have fallen 22 percent since reaching a peak in late April, does not provide much incentives for a quick return to full production,” Cedric Rimaud, director of emerging markets research at Gimme Credit, wrote Monday in a note to clients. “We continue to be cautious on Samarco’s bonds and reiterate our ‘underperform’.”

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