S&P revises Teck Resources to negative

Standard & Poor's said it revised its outlook on Teck Resources Ltd. to negative from stable and affirmed its BBB- long-term corporate credit and issue-level ratings.

"We base our outlook revision primarily on continuing weak metallurgical coal market conditions, and the potential that subdued demand and prices could extend through 2016," S&P credit analyst Jarrett Bilous said in a news release.

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