12.07.2014 06:09:00

Corporacion Nacional del Cobre de Chile -- Moody's: CODELCO´s international fuel tender is credit positive, but no impact on ratings

Sao Paulo, July 12, 2014 -- Moody's comments that Corporacion Nacional del Cobre de Chile's (CODELCO ) fuel tender is credit positive, but does not impact the company's A1 foreign currency rating or its a3 baseline credit assessment at this time. In Moody's view, the long-term contract reduces fuel cost volatility and assures continuous supply.

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