Fitch Updates Mid-Cycle Commodity Price Assumptions

(The following statement was released by the rating agency)Link to Fitch Ratings' Report: Updating Fitch's Commodity Price Assumptions https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=871986LONDON, October 02 (Fitch) Fitch Ratings has updated its mid-cycle commodity price assumptions for several key metal commodities. These price assumptions are used in Fitch's projections of future operational performance and financial profiles. The current assumptions report includes downward revisions for copper, aluminium, nickel and zinc prices; prices for iron ore and gold are largely unchanged. Fitch's metals assumptions are not meant to be price forecasts. Rather they are intended to reflect a more conservative view of future price levels for modelling and rating purposes. The full report, "Updating Fitch's Mid-Cycle Commodity Price Assumptions" is available at www.fitchratings.com or by clicking the link above.Contact:Peter Archbold, CFASenior Director+44 20 3530 1172Fitch Ratings Limited30 North Colonnade London E14 5GN Alex Griffiths Managing Director+44 20 3530 1709Media Relations: Peter Fitzpatrick, London, Tel: +44 20 3530 1103, Email: peter.fitzpatrick@fitchratings.com.Additional information is available on www.fitchratings.comALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.