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Fitch Rates Codelco's Senior Unsecured Notes due 2025 'A+(EXP)'

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CHICAGO & SANTIAGO, Chile--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A+(EXP)' rating to Corporacion Nacional del Cobre de Chile's (Codelco) senior unsecured bonds due 2025. Proceeds from these proposed notes will be used to refinance a portion of shorter-term debt, partially finance the company's significant capital expenditures, and for general corporate purposes. KEY RATING DRIVERS 100% Sovereign Ownership: The company's 'A+' rating reflects Codelco's 100% ownership by the government of

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