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Moody’s assigns Teck Resources notes Baa3
Moody’s Investors Service said it assigned a Baa3 rating to Teck Resources Ltd.’s new $550 million of senior unsecured notes due 2030.
Proceeds will be used to repay a portion of Teck’s outstanding corporate bond indebtedness and for general corporate purposes, which may include reducing amounts outstanding under Teck’s revolving line of credit.
Teck's ratings are unchanged, including its Baa3 senior unsecured note rating, Moody’s said.
The outlook remains stable.
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