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

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4/2/2012 5:16 PM ET

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.

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by RTT Staff Writer

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