Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Fitch Affirms Teck Resources' IDR At 'BBB'; Outlook Stable

RELATED NEWS
Trade TCK now with 

Fitch Ratings said Monday that it has affirmed the Issuer Default Rating Teck Resources Ltd. (TCK: Quote) at 'BBB' along with Teck's outstanding debt.

The Rating Outlook is Stable.

Fitch said the ratings reflect Teck's modest financial leverage, long-lived reserves, leading low-cost position in zinc, as well as its leading position in the seaborne hard metallurgical coal market, and solid core position in copper.

Click here to receive FREE breaking news email alerts for Teck Resources Limited and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Home improvement and building products company Masco Corp. said Monday after the markets closed that its second quarter profit jumped 78% from last year, as revenue increased and margins improved amid strong performance of its Plumbing Products, Installation and Other Services and Decorative Architectural Products segments. American Financial Group Inc. (AFG) Monday reported second-quarter net earnings of $106 million or $1.15 per share, compared to $110 million or $1.20 per share last year. Core net operating earnings were $99 million or $1.07 per share, compared to $87 million or $0.96 per share last year. Total... Stocks showed a significant recovery over the course of the trading day on Monday after coming under pressure in early trading. The markets eventually ended the session roughly flat following the mixed performance that was seen last week.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.