Rio Tinto: Rio Tinto's Continued Debt Reduction Focus is credit positive
CORPORATES ISSUER COMMENT 22 May 2017 Contacts Carol Cowan 1-212-553-4999 Senior Vice President [email protected] Brian Oak 212-553-2946 MD-Corporate Finance [email protected] Rio Tinto Rio Tinto’s Continued Debt Reduction Focus is credit positive Moody’s views as credit positive Rio Tinto’s ( Rio - A3, stable) announcement on May 22, 2017 that it has initiated further debt reduction initiRio Tinto is a mining group based in the United Kingdom and Australia. Co. is engaged in the business of finding, mining and processing mineral resources. Co.'s major products are iron ore, aluminium, copper, diamonds, coal, uranium, gold and industrial minerals (borax, titanium dioxide and salt). Co.'s activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and Africa. Co.'s operations comprise four principal product groups - Iron Ore, Aluminium, Copper and Diamonds, and Energy & Minerals.
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