Moody's turns Teck outlook to positive

Moody's Investors Service said it changed Teck Resources Ltd.’s outlook to positive from stable and affirmed its senior unsecured rating at Baa3.

"The outlook change to positive reflects the near-completion the Quebrada Blanca II (QB2) project, that will support sustainably higher copper production, and drive its ability to generate significant earnings and free cash flow through a range of copper prices," said Jamie Koutsoukis, a Moody's analyst, in a press release.

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