Event

DBRS Hosts Teleconference on Rio Tinto/Alcan Today at 3:30 pm ET

  • Conference Call
    • Natural Resources
  • Toronto
  • Nov 1, 2007
  • 3:30 pm ET

Details

DBRS will host a teleconference today at 3:30 pm ET to discuss the downgrade of Rio Tinto Plc, Rio Tinto Limited and Rio Tinto Canada Inc. (collectively Rio or the Company) to A (low) from AA (low). DBRS also confirmed the ratings of Alcan Inc. (Alcan) at A (low) and R-1 (low). All trends are Stable.

Today’s rating actions follow Rio’s successful acquisition of Alcan in a $38.1 billion all-cash friendly takeover, giving the Company effective control of Alcan with an 89% equity stake.

The call will be led by Robert Mantse, Senior Vice President, who will discuss the rationale behind DBRS’s decision to downgrade Rio and confirm Alcan.

To participate in the teleconference, please dial the appropriate numbers listed at least 15 minutes before the start of the call.

Local callers: 416 641 6137
North American callers (toll free): (1) 866 225 6564
International callers (toll free): (1) 800 4222 8835

A replay of the teleconference will be available until close of business day Thursday, November 8, 2007, and can be accessed in North America by dialing 1 800 408 3053, quoting confirmation code 3241343#. International callers can also access the replay until close of business day by dialing +1 416 695 5800 and quoting confirmation code 3241343#.

For more information, please contact Jane Foster at jfoster@dbrs.com.

DBRS is a recognized international rating agency, providing timely and comprehensive rating opinions to the world’s capital markets. Privately owned and independent, DBRS offers in-depth credit analysis of corporate, financial institutions and government issues in North America, Europe, Asia and Latin America. DBRS’s extensive coverage of structured finance and securitization has solidified its standing as a leading provider of comprehensive, in-depth credit analysis.

DBRS is headquartered in Toronto, with offices in New York, Chicago, London, Frankfurt and Paris, and covers entities worldwide.

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