Fitch affirms Chalco

Fitch Ratings said it affirmed Aluminum Corp. of China Ltd. (Chalco)'s long-term foreign- and local-currency issuer default ratings at A- and its short-term foreign- and local-currency issuer default ratings at F2.

The outlook remains stable.

The ratings reflect Chalco's position as the world's second-largest alumina manufacturer and the fourth-largest primary aluminum producer in 2006, its strengthened economies of scale through a series of acquisitions, and the management's capability to successfully achieve rapid growth while maintaining strong credit metrics, Fitch said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.