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

Fitch Ratings said Monday that it has affirmed the Issuer Default Rating Teck Resources Ltd. (TCK) 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.

by RTT Staff Writer

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