Fitch downgrades FCX to one level above JunkFitch earlier this evening dowgraded FCX to BBB-, which is one grade above junk bond status, and gave it a Negatve outlook. 100% of Cukaru Peki will belong to RMC or an acquiror of RMC relatively soon. Either way, RMC shareholders win big. The Right of First Refusal that RMC management negotiated as part of the JV Agreement wioh FCX years ago is looking brilliant.