Fitch rates Teck notes BBB-

Fitch Ratings said it assigned a BBB- rating to Teck Resources Ltd.'s $700 million senior unsecured notes due 2021 and 2040.

The issuer default rating is BBB-.

The outlook is stable.

Proceeds will be used to fund the company's offer to purchase up to $1 billion principal amount of notes due 2019.

Ratings reflect Teck's leading low cost position in zinc, its leading position in the seaborne hard metallurgical coal market and solid core position in copper, the agency said.

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