S&P cuts its credit rating for Thompson Creek Metals (TC -2.9%) to CCC+ from B- following...

|About: Thompson Creek Metals Compa... (TCPTF)|By:, SA News Editor

S&P cuts its credit rating for Thompson Creek Metals (TC -2.9%) to CCC+ from B- following TC's announcement of weaker production and cost expectations through next year. Diminishing operating margins could drain previously arranged funding sources set up to support the large capital requirements at the Mt. Milligan project.