Teck Sees Limits to Defending Its Investment-Grade Credit Rating
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Teck Resources Ltd., beset by slumping prices for steelmaking coal, copper and zinc, said it will only go so far to prevent its debt from being rated junk.
“Our investment-grade credit ratings continue to be a priority for us,” Teck Chief Financial Officer Ron Millos said Thursday on a conference call. “However, if commodity price moves further against us, there is a limit to what makes sense to defend it.”