Fitch assigns Goldcorp, convertibles, loan BBB

Fitch Ratings said it has assigned an issuer default rating of BBB for Goldcorp Inc.

Fitch said it has also assigned both the new $750 million senior unsecured convertible note issue and the $1.5 billion senior unsecured revolving credit facility a BBB rating.

The outlook is stable.

According to Fitch, Goldcorp's credit rating reflects its sizable long lived reserves in areas of relatively low geopolitical risk, favorable cost position and strong project pipeline as well as plans for substantial development spending over the medium term.

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