Aluminum Corporation of China Limited - Credit Update - 2009/11/06 - Fitch Research

Report title: Aluminum Corporation of China Limited

from Fitch Research
2 page (1655 word) report published Nov 06, 2009

Price $165.00 available for immediate download

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...Aluminum Corporation of China Limited's (Chalco) ratings reflect the strong linkage between both Chalco and its parent Aluminum Corporation of China (Chinalco) -- and between Chinalco and its owner, the state. Fitch Ratings feels it is highly likely that the Chinese government would support Chalco if needed. Fitch therefore adopts a topdown approach, as detailed in the agency's Parent and Subsidiary Rating Linkage methodology; and has notched down the rating of Chalco by four notches from the sovereign's `AA' Local Currency LongTerm IDR to `BBB+'. This improves the standalone ratings of Chalco by several notches....

Report Type:

Credit Update

Company(ies):

Aluminum Corporation of China Ltd

Ticker(s):

601600

Issuer:

Aluminum Corporation of China Limited

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