Fitch: Chalco unchanged

Fitch Ratings said Aluminum Corp. of China Ltd.'s (Chalco) proposed acquisition of a 29.9% stake in Winsway Coking Coal Holdings Ltd. is a strategic fit but will not have any impact on Chalco's BBB+ ratings or stable outlook.

The HK$2.39 billion proposed acquisition will not significantly impact Chalco's financial profile as it forms just 3.34% of the company's net assets value as of Dec. 31, 2011, Fitch said.

Furthermore, Chalco has sufficient cash of ¥10.6 billion and unutilized banking facilities of ¥42.7 billion to fund this acquisition, the agency said.

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