15
Jul
10:29
Rio Tinto receives ratings' boost from Fitch
Fitch Ratings tells Kallanish that it has upgraded miner Rio Tinto’s (AM) long-term issuer default rating (IDR) and senior unsecured debt instrument rating.
The credit analyst says that both the IDR and senior unsecured debt instrument rating rise to ‘A’ from ‘A-‘. The outlook is stable, Fitch confirms in a note.
The upgrade of Rio Tinto's long-term IDR reflects material financial flexibility gained through increased cash flo…
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