Fitch Ratings

New mining tax won't hurt ratings: Fitch

International ratings agency Fitch has indicated that while the Commonwealth's proposed super profits tax on the nation's mining and resources outfits "isn't good news for Australian miners", it will not affect the ratings of these companies.

Fitch downgrades Rio's credit rating

High debt levels, the global economic downturn and BHP Billiton's decision to pull its takeover proposal have prompted credit ratings agency Fitch Ratings to remove Rio Tinto from its 'rating watch positive' list.