S&P Raises Hudbay Minerals to BB- as Leverage Falls on Strong 2025 Cash Flow
S&P Global Ratings upgraded Hudbay Minerals to BB- from B+ with a stable outlook after the miner posted stronger-than-expected 2025 results that lifted EBITDA, produced $174 million in adjusted free operating cash flow and allowed the company to reduce leverage. A multi-stage financing agreement with Mitsubishi Corp. for a stake in the Copper World…