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Prospect News home > News index > List of issuers R > Headlines for Rio Tinto plc > News item
Published on 12/4/2012 in the Prospect News Investment Grade Daily.

DBRS rates Rio Tinto debt A (low)

DBRS said it assigned a rating of A (low), with a table trend, to the multi-currency, three-tranche debt issue by Rio Tinto Finance plc, which is unconditionally and irrevocably guaranteed by Rio Tinto plc and Rio Tinto Ltd.

The debt to be issued consists of the following: €750 million of 2% notes due May 11, 2020; €500 million of 2.875% notes due Dec. 11, 2024 and £500 million of 4% notes due Dec. 11, 2029.

DBRS said it expects that the proceeds of the new debt will be used for general corporate purposes.


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