June 30, 2015 / 4:38 PM / 2 years ago

BUZZ-Teck Resources Ltd: Moody's cuts outlook

1 Min Read

** Canadian miner's shares down 4 pct at $9.96; touches more than five-year low of $9.86

** Moody's Investors Service cuts its outlook to 'negative' from 'stable'

** Teck's financial leverage to remain elevated for longer than expected, Moody's analyst Darren Kirk says

** Moody's expects steel-making metallurgical coal's prices to remain weak for some time

** Up to Monday's close, stock had fallen 60 pct this year

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