Fitch: Rio Tinto unchanged

Fitch Ratings said that Rio Tinto Ltd.'s and Rio Tinto plc's (A-/stable) ratings are unaffected by its A$3.9 billion recommended cash offer for Riversdale Mining Ltd.

The agency said that Rio Tinto's offer remains subject to various conditions, notably an acceptance level greater than 50% and Australian foreign Investment Review Board approval.

Fitch added that it considers the strategic rationale for the potential acquisition is sound as it will boost the company's future output of coking coal and that it is also in line with the group's long-term strategy of developing large, long-life, cost competitive mining assets.

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