** Shares of Mineral Resources MIN.AX fall 2.4% to A$21.850, their lowest level since June 29, 2020

** Miner says Fitch Ratings downgraded its credit rating to "BB-" from "BB", with a negative outlook

** 'BB' ratings indicate elevated vulnerability to default risk, according to credit rating agency Fitch's website

** Seven of 16 analysts rate the stock "buy" or higher, seven "hold" and two "sell" or lower; their median PT is A$34.00 – LSEG data

** Stock down 38.9% YTD

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))