S&P; downgrades Molycorp, again

Standard & Poor’s has lowered its corporate credit rating for troubled U.S. rare earths producer Molycorp from ‘CCC+’ to ‘CCC’ with a negative outlook. “The downgrade reflects our view of the company’s deteriorating liquidity position,” said S&P in making its second downgrade of Molycorp in less than a year. “The negative outlook reflects our view …