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Prospect News home > News index > List of issuers C > Headlines for Corporacion Nacional del Cobre de Chile > News item |
Fitch assigns A- to Codelco notes
Fitch Ratings said it assigned an A- rating to Corporacion Nacional del Cobre de Chile's (Codelco) $2 billion planned senior unsecured notes in two tranches: $1.3 billion due in January 2034 and $700 million in September 2053.
The agency said it affirmed Codelco’s A- ratings on May 26.
Codelco will use the proceeds for general corporate purposes and is expected to increase the company's debt levels.
The outlook is stable.
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