S&P's Chalco ratings unaffected

Standard & Poor's said that while it views the recent H-share placement of HK$4.4 billion by Aluminum Corp. of China Ltd. ("Chalco") as positive, it does not affect the BBB+ corporate credit rating or stable outlook.

The placement should enhance the company's liquidity position and financial flexibility, but the agency said this will be offset by Chalco's aggressive acquisition plans as it attempts to become a leading integrated aluminum producer in China.

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