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BRIEF-Moody's confirms Fortescue's Ba3 CFR, cuts sr. unsec. to B1

Oct 02 (Reuters) - Fortescue Metals Group Limited

* Moody's confirms Fortescue's Ba3 CFR, downgrades Sr. Unsec. to B1 and assigns (P)Ba1 to secured loan; outlook negative

((Bangalore Ratings Team, Hotline: +91 80 4135 5898, Bhanu.priya@thomsonreuters.com, Group id: BangaloreRatings@thomsonreuters.com, Reuters Messaging: Bhanu.Priya.reuters.com@reuters.net))