The debt rating for aluminum company Alcoa Inc. was confirmed Tuesday at the investment grade level of "BBB-" by Fitch Ratings. Alcoa's rating outlook was raised to "Stable" from "Negative."
Fitch analysts said the company's debt should fall by the end of the year as earnings and cash flow generation continue to improve with economic recovery and the company continues with capital discipline and cost control.
The "Stable" outlook reflects Fitch's view that Alcoa will have sufficient cash to repay current debt maturities over the next 24 months.
The ratings would be on review with negative implications should liquidity deteriorate, earnings be worse than expected or total debt fail to decline, Fitch said. Better-than-anticipated earnings and debt repayment could result in a review of the outlook with positive implications. （NEW YORK （AP））
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