DBRS Assigns A (low) Rating with Stable Trend to $3.0 Billion Xstrata Finance (Canada) Limited Debt Issue

DBRS has today assigned a rating of A (low), with a Stable trend, to $3.0 billion of guaranteed senior unsecured debt (New Xstrata (Canada) Notes) to be issued by Xstrata Finance (Canada) Limited and to be used for general corporate purposes. The New Xstrata (Canada) Notes are guaranteed by Xstrata plc, Xstrata (Schweiz) AG, Xstrata Canada Financial Corp., and Xstrata Finance (Dubai) Limited and rank equally with the other senior unsecured debt of Xstrata Finance (Canada) Limited.

The $3.0 billion New Xstrata (Canada) Notes comprise: $800 million 2.85% fixed-rate notes due 2014; $700,000 million 3.60% fixed-rate notes due 2017; $1.0 billion 4.95% fixed-rate notes due 2021; and $500 million 6.00% fixed-rate notes due 2041.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Companies in the Mining Industry, which can be found on our website under Methodologies.