Fitch Upgrades Chalco HongKong Rating to A-; Outlook Stable

MT Newswires Live08-05 13:50

Fitch Ratings upgraded Chalco HongKong's long-term issuer default rating and senior unsecured rating to 'A-' from 'BBB+' with a stable outlook.

The ratings agency said the upgrade follows the higher ratings assigned to the parent Aluminum Corporation of China (HKG:2600, SHA:601600), also known as Chalco, and its ultimate parent, Aluminum Corporation of China (Chinalco).

Fitch said Chalco HongKong's ratings reflect its role as Chalco's sole platform for overseas investment and financing, supported by strong strategic and operational links with its parent.

Fitch expects Chalco HongKong's EBITDA to remain broadly stable at around $550 million, with net leverage staying at about 1x, excluding the impact of its planned acquisition of Brazil's Companhia Brasileira de Alumínio.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2657590064?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-05 13:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2657590064","market":"hk","top_or_hot":-1,"title":"Fitch Upgrades Chalco HongKong Rating to A-; Outlook Stable","media":"MT Newswires Live","content":"<html><body><p> Fitch Ratings upgraded Chalco HongKong's long-term issuer default rating and senior unsecured rating to 'A-' from 'BBB+' with a stable outlook.</p><p>The ratings agency said the upgrade follows the higher ratings assigned to the parent Aluminum Corporation of China (HKG:2600, SHA:601600), also known as Chalco, and its ultimate parent, Aluminum Corporation of China (Chinalco).</p><p>Fitch said Chalco HongKong's ratings reflect its role as Chalco's sole platform for overseas investment and financing, supported by strong strategic and operational links with its parent.</p><p>Fitch expects Chalco HongKong's EBITDA to remain broadly stable at around $550 million, with net leverage staying at about 1x, excluding the impact of its planned acquisition of Brazil's Companhia Brasileira de Alumínio.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fitch Upgrades Chalco HongKong Rating to A-; Outlook Stable</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFitch Upgrades Chalco HongKong Rating to A-; Outlook Stable\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-08-05 13:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Fitch Ratings upgraded Chalco HongKong's long-term issuer default rating and senior unsecured rating to 'A-' from 'BBB+' with a stable outlook.</p><p>The ratings agency said the upgrade follows the higher ratings assigned to the parent Aluminum Corporation of China (HKG:2600, SHA:601600), also known as Chalco, and its ultimate parent, Aluminum Corporation of China (Chinalco).</p><p>Fitch said Chalco HongKong's ratings reflect its role as Chalco's sole platform for overseas investment and financing, supported by strong strategic and operational links with its parent.</p><p>Fitch expects Chalco HongKong's EBITDA to remain broadly stable at around $550 million, with net leverage staying at about 1x, excluding the impact of its planned acquisition of Brazil's Companhia Brasileira de Alumínio.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HK0000286598.CNH","symbol_name":"中银保诚中国价值基金 A","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2657590064","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2657590064","pubTimestamp":1785909029,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Fitch Ratings upgraded Chalco HongKong's long-term issuer default rating and senior unsecured rating to 'A-' from 'BBB+' with a stable outlook.The ratings agency said the upgrade follows the higher ratings assigned to the parent Aluminum Corporation of China , also known as Chalco, and its ultimate parent, Aluminum Corporation of China .Fitch said Chalco HongKong's ratings reflect its role as Chalco's sole platform for overseas investment and financing, supported by strong strategic and operational links with its parent.Fitch expects Chalco HongKong's EBITDA to remain broadly stable at around $550 million, with net leverage staying at about 1x, excluding the impact of its planned acquisition of Brazil's Companhia Brasileira de Alumínio.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"601600":"中国铝业","HK0000286598.CNH":"中银保诚中国价值基金 A","02600":"中国铝业","BK1568":"钢铁金属股","BK0010":"央企","BK0028":"国家队","BK0006":"大央企重组","BK0196":"行业龙头","BK1513":"稀土概念","BK1175":"铝","BK0183":"MSCI概念","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","BK0188":"融资融券","BK1592":"有色金属","BK0012":"证金概念","BK0233":"有色加工"},"translate_title":"惠誉将中国铝业香港评级上调至A-；前景稳定","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601600":0.9,"02600":0.9},"content_text":"Fitch Ratings upgraded Chalco HongKong's long-term issuer default rating and senior unsecured rating to 'A-' from 'BBB+' with a stable outlook.The ratings agency said the upgrade follows the higher ratings assigned to the parent Aluminum Corporation of China (HKG:2600, SHA:601600), also known as Chalco, and its ultimate parent, Aluminum Corporation of China (Chinalco).Fitch said Chalco HongKong's ratings reflect its role as Chalco's sole platform for overseas investment and financing, supported by strong strategic and operational links with its parent.Fitch expects Chalco HongKong's EBITDA to remain broadly stable at around $550 million, with net leverage staying at about 1x, excluding the impact of its planned acquisition of Brazil's Companhia Brasileira de Alumínio.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2657590064","isCrawlerRequest":true}