S&P: Thompson Creek on watch

Standard & Poor's said it placed the B- long-term corporate credit rating on Thompson Creek Metals Co. on CreditWatch with negative implications.

The CreditWatch placement follows news of the company's potentially adverse revisions to the operating profiles of its Thompson Creek and Endako mines, S&P said.

The agency said it believes that Thompson Creek's recent operating challenges could have a negative impact on the company's already highly leveraged financial risk profile, the agency said.

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