Fitch rates Teck Resource BBB-

Fitch Ratings said it assigned to Teck Resources Ltd. an issuer default rating of BBB-, along with a BBB- rating on its senior secured term loans and BBB- on its senior secured notes.

The outlook is stable.

The ratings reflect Teck's leading low cost position in zinc, leading position in the seaborne hard metallurgical coal market and solid core position in copper, Fitch said.

The company does have several development opportunities, the agency said, and therefore capital spending is expected to remain high if the outlook for commodities prices remains favorable.

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