DBRS Releases Report on Vale S.A.

DBRS has today released a report on Vale S.A. (Vale or the Company) that provides further detail on the recent confirmation of the Company and its subsidiaries at BBB (high). The trend on the ratings is Stable. Vale is one of the largest mining companies in the world, with a solid business base as the world’s largest iron ore producer as well as a growing output of nickel, copper, fertilizer, steel and other materials. The Company, with its sound financial profile and good liquidity, demonstrated resilience during the 2009 economic downturn followed by a very strong recovery in 2010, generating record operating cash flow and net income.

To obtain a copy of the report or the April 11, 2011, press release, please see the links below or contact us at info@dbrs.com.