|Bid||41.16 x N/A|
|Ask||41.17 x N/A|
|Day's Range||40.11 - 42.50|
|52 Week Range||15.18 - 70.13|
|Beta (5Y Monthly)||1.57|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 28, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun 19, 2019|
|1y Target Est||51.00|
Moody's Investors Service says that Tianqi Lithium Corporation's (Caa2 negative) proposed financing from the sale of interest in its subsidiary to IGO Limited and its term loan amendment plan are credit positive because their completion will likely improve Tianqi Lithium's capital structure and liquidity. Tianqi Lithium disclosed in an announcement dated 9 December that Australian mining company IGO Limited had agreed to acquire a 49% stake in its subsidiary, Tianqi Lithium Energy Australia Pty Ltd (TLEA), by subscribing to new shares issued by TLEA for a consideration of USD1.4 billion.
Moody's Investors Service has downgraded to Caa2 from Caa1 Tianqi Lithium Corporation's corporate family rating (CFR), and to Caa3 from Caa2 the senior unsecured rating on the bonds issued by Tianqi Finco Co., Ltd and guaranteed by Tianqi Lithium. In an announcement dated 1 December, Tianqi Lithium stated that it had on 30 November signed a loan extension agreement with its banks for a USD1.9 billion term loan facility due 29 November, extending the maturity to the earlier of 28 December 2020 or the effective date of an amended loan agreement.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Tianqi Lithium Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.