Research And Markets Research And Markets

Issuer Ranking: EMEA Metals And Mining Sector, Strongest To Weakest Jan 10

  • ID: 1711654
  • January 2010
  • Region: EMEA
  • Standard & Poors
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  • Anglo American PLC
  • Evraz Group S.A.
  • MMC Norilsk Nickel OJSC
  • Norsk Hydro ASA
  • Rio Tinto PLC
  • ThyssenKrupp AG
  • MORE

Many of the metals and mining companies we rate have negative outlooks, and in many cases have credit metrics far weaker than levels consistent with their current ratings. The key rating drivers for the EMEA metals and mining companies in 2010 are likely to be the strength and sustainability of the global economic recovery, and how management teams respond. For the mining sector, we will focus on how metals and minerals prices develop, the extent to which former growth strategies are reinstated, and how they are financed. In steel, we will focus on the pace of recovery and whether further corrective measures need to be implemented to strengthen cash flows and accelerate debt reduction. The following list ranks all the...

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.

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- Rio Tinto PLC
- Norsk Hydro ASA
- SGL Carbon SE
- ArcelorMittal
- ThyssenKrupp AG
- Anglo American PLC
- Eco-Bat Technologies Ltd.
- Xstrata Ltd
- PAO Severstal
- MMC Norilsk Nickel OJSC
- Eregli Demir ve Celik Fabrikalari T.A.S.
- Kloeckner & Co. S.E.
- Evraz Group S.A.
- The New Reclamation Group Pty Ltd.
- Eurasian Natural Resources Corporation Ltd.
- Zlomrex S.A.
- New World Resources N.V.
- Gold Fields Ltd.

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