BRIEF-Teck says won't issue equity to defend credit rating

Thu Jul 23, 2015 12:15pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

July 23 (Reuters) - Teck Resources Ltd

* Teck Resources CEO says not much out there for acquisition, odds of Teck being involved are "quite slim"

* Will not issue equity to pay back debt to defend its credit rating, CEO Don Lindsay says

* Estimates metallurgical coal market is oversupplied by 10-15 million tonnes but depends on assumption of china imports, CEO says Source text for Eikon: Further company coverage: (Reporting by Nicole Mordant)