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Issuer Ranking: European Metals And Mining Companies, Strongest To Weakest Feb 07 Product Image

Issuer Ranking: European Metals And Mining Companies, Strongest To Weakest Feb 07

  • ID: 1710957
  • February 2007
  • Region: Europe
  • Standard & Poors

FEATURED COMPANIES

  • Alrosa OJSC
  • ArcelorMittal
  • Evraz Group S.A.
  • NLMK OJSC
  • Pipe Acquisition Ltd.
  • SSAB AB
  • MORE

Abstract
Credit quality among rated issuers in Standard & Poor's Ratings Services European metals and mining portfolio is broadly stable. This is largely due to improvements driven by favorable market conditions in recent years, which have already been factored in to ratings, as well as issuers' deploying their enhanced financial flexibility to a mixture of higher capital expenditures, shareholder friendly initiatives, and heightened M&A activity. Against this backdrop, event risk, especially M&A, has increased within the portfolio. The table below ranks all of the rated companies in this sector from strongest to weakest, based on rating and outlook. Companies with the same rating and outlook are further ranked by our opinion of comparative credit quality, which, for speculative-grade companies, is based...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Note: Product cover images may vary from those shown

- Rio Tinto PLC
- Corus Group PLC
- SSAB AB
- Glencore International AG
- SGL Carbon SE
- Alrosa OJSC
- ArcelorMittal
- ThyssenKrupp AG
- OAO Magnitogorsk Metallurgical Kombinat
- Arcelor S.A.
- Anglo American PLC
- Eco-Bat Technologies Ltd.
- Xstrata PLC
- OAO Severstal
- MMC Norilsk Nickel OJSC
- OAO TMK
- Eregli Demir ve Celik Fabrikalari T.A.S.
- NLMK OJSC
- Evraz Group S.A.
- Sual International Ltd.
- JSC Azovstal Iron and Steel Works
- Pipe Acquisition Ltd.
- The New Reclamation Group Pty Ltd.
- Zlomrex S.A.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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