Fitch assigns ChalcoHK A-

Fitch said it assigned Aluminum Corp. of China Ltd.'s fully owned subsidiary Chalco Hong Kong Ltd. a long-term foreign-currency issuer default rating of A-. The outlook is stable. Fitch also assigned ChalcoHK a foreign-currency senior unsecured rating of A-.

Concurrently, Fitch affirmed the A- rating on Chalco's U.S. dollar notes and the BBB+ rating on the senior perpetual securities issued by Chalco Hong Kong Investment Co. Ltd., a wholly owned subsidiary of ChalcoHK. The notes are guaranteed by ChalcoHK. Chalco provides credit support, via a keepwell deed and deed of equity interest purchase and investment undertaking, to the notes guaranteed by ChalcoHK.

“ChalcoHK is highly integral to Chalco's financing strategy and is positioned as Chalco's sole offshore financing platform,” Fitch said in a press release.

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