Fitch rates Chinalco notes A-

Fitch Ratings said it gave Aluminum Corp. of China's (Chinalco) planned senior unsecured notes an A- rating. The notes will be issued by Chinalco's wholly owned subsidiary, Chinalco Capital Holdings Ltd., and will be guaranteed by Chinalco.

“The proposed notes are rated at the same level as Chinalco's issuer default rating (IDR) because it constitutes Chinalco's direct, unconditional, unsubordinated and unsecured obligations and will rank pari passu with its other present and future unsecured and unsubordinated obligations,” Fitch said in a press release.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.