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Brazilian iron ore giant CVRD recently suffered the international credit rating agencies downgrade, the market consensus forecast their financial situation over the next two years will not optimistic.
     According to Brazil, "Sao Paulo newspaper" 24 reported that Standard & Poor's rating agency recently to Vale's credit rating lowered from A- to BBB +; Goldman Sachs will also be listed on the NYSE Vale stock from "buy" level dropped to "hold "levels.
     Standard & Poor's believes that the international market for iron ore prices fell sharply, while Vale maintain large-scale investment plans, operating costs are high, which means that it will be the operating conditions of instability within the next two years. Goldman stressed that iron ore prices is that it does not recommend the purchase of Vale shares the main reason.
     Since last year, the international market price of iron ore fell by nearly half, resulting in market valuation has shrunk Vale third. But S & P also pointed out that in 2017, after two years, with the Vale of investment projects gradually completed, and its production is expected to reach a new high, and the devaluation of the Brazilian currency, the real decline and freight will also help Vale to expand exports, reduce costs, its long-term investment prospects robust.