01.11.2013 21:18:00
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Teck Resources Limited -- Moody's views sanctioning of Fort Hills as credit neutral to Teck
Toronto, November 01, 2013 -- Moody's views the sanctioning of the Fort Hills oil sands mining project as credit natural to 20% owner Teck Resources Limited (Baa2, stable) as the near term cash consumption required to develop the project is offset by longer term earnings growth and increased diversity.