The ratings reflect the company's leading position in the industry, strong liquidity, and sound operational and financial management. Operations benefit from low average costs, large scale and long-lived reserves. Long-term copper fundamentals benefit from short supply, modest inventories, strong demand from China and solid demand from developed nations.
The Stable Outlook reflects FCX's balanced approach to capital expenditures, dividends and financial leverage, and Fitch's outlook on the copper market.
At Dec. 31, 2010, cash on hand was $3.7 billion of which $3.1 billion would be available to the parent company after non-controlling interests and withholding taxes. Debt at Dec. 31, 2010 was $4.8 billion with scheduled maturities of $95 million in 2011, $1 million in 2012, $1 million in 2013, $1 million in 2014 and $1.1 billion in 2015.
The Stable Outlook reflects FCX's balanced approach to capital expenditures, dividends and financial leverage, and Fitch's outlook on the copper market.
At Dec. 31, 2010, cash on hand was $3.7 billion of which $3.1 billion would be available to the parent company after non-controlling interests and withholding taxes. Debt at Dec. 31, 2010 was $4.8 billion with scheduled maturities of $95 million in 2011, $1 million in 2012, $1 million in 2013, $1 million in 2014 and $1.1 billion in 2015.
Selanjutnya..
SUARA BAPTIS PAPUA: Fitch Affirms Freeport-McMoRan Copper & Gold's IDR...: "NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the Issuer Default Rating (IDR) of Freeport-McMoRan Copper & Gold Inc. (NYSE: FC..."
Tidak ada komentar:
Posting Komentar