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Fitch Affirms Alcoa Aluminio's IDRs at 'BBB'.

Publication: Business Wire
Publication Date: 06-JUN-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- Fitch Ratings has affirmed the following ratings for Alcoa Aluminio S.A. (Aluminio):

--Local currency Issuer Default Rating (IDR):'BBB';

--Foreign currency IDR: 'BBB';

--National scale rating: 'AAA(bra)';

--Series 1996-1 secured export notes (SENs) due Dec. 2008: 'BBB'.

The Rating Outlook is Stable.

Aluminio's ratings reflect the company's position as a leading integrated aluminum producer in Latin America and the support of its parent, Alcoa Inc. (Alcoa). Alcoa's commitment to its largest operating subsidiary in Latin America is demonstrated by the strategic importance of the region, its ownership of 100% of Aluminio's equity, and the increasing financial support...

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