S&P rates Asia Aluminum notes BB

Standard & Poor's said it assigned its BB corporate credit rating to Asia Aluminum Holdings Ltd. The outlook is stable.

At the same time, the ratings agency assigned its BB preliminary issue rating to Asia Aluminum's proposed $425 million senior unsecured notes due 2011.

S&P said the rating reflects the company's strong market position in high-quality extrusion products, good market prospects over the next few years, low cost position, insulation from aluminum price volatility and strong liquidity.

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