Fitch rates Rio Tinto notes A-

Fitch Ratings said it assigned a final A- senior unsecured rating to Rio Tinto Finance (USA) Ltd.'s issue of $5 billion in guaranteed notes. The notes are split into three tranches with maturities in 2013, 2018 and 2028.

The A- long-term issuer default and senior unsecured ratings and F2 short-term issuer default rating of Rio Tinto plc and Rio Tinto Ltd. remain on Rating Watch positive, where they were placed on Feb. 6 following the announcement by BHP Billiton of an unsolicited offer for Rio Tinto. This offer remains outstanding.

Proceeds from the notes will be used to partly refinance the $38 billion of bank debt raised by Rio Tinto to fund the acquisition of Alcan Inc., which closed in October 2007

The agency said the ratings of the notes are in line with the A- long-term issuer default ratings of Rio Tinto plc and Rio Tinto Ltd., who fully and unconditionally guarantee all amounts in respect of the notes.

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