Fitch rates Minsur notes BBB-

Fitch Ratings said it has published a long-term foreign currency issuer default rating and a long-term local currency issuer default rating of BBB- for Minsur SA.

Fitch has also published the BBB-(exp) rating on Minsur's proposed of up to $400 million senior unsecured notes due 2024.

Proceeds from the proposed notes will be used to refinance about $200 million of existing long-term debt with the remainder used as a cash cushion and for general corporate purposes, including capex.

Minsur's investment grade ratings are supported by its position as the world's third largest tin producer based on 2013 output with production of around 28,000 metric tons per year, the agency said.

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