Moody’s shifts metals and mining outlook to stable; Guatemala rating kept at Ba1

Moody’s has changed its outlook for the global metals and mining sector from negative to stable for the next 12-18 months. The agency cited more balanced sector fundamentals and resilient cash generation across most commodities, which reduces the probability of a broad deterioration in credit metrics.

Separately, Moody’s maintained Guatemala’s Ba1 sovereign rating with a stable outlook after a visit to the country in March, indicating expectations for the next 12 months. The rating action emphasizes a steady view of Guatemala’s credit profile over the coming year.