Fitch affirms Nexa Resources

Fitch Ratings said it affirmed Nexa Resources SA's and subsidiary Nexa Resources Peru SAA's long-term foreign currency and long-term local currency issuer default ratings at BBB-.

The outlook is stable.

The agency said that Nexa's affirmation mirrors that of its ultimate parent, Votorantim SA (BBB-/stable).

Fitch said that on a stand-alone basis Nexa's rating would be maintained at BBB- due to the company's relatively low-cost mining and smelting business, integrated zinc operations and conservative capital structure.

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