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Arch Coal Inc. Jun 03
Standard & Poors, June 2003
Abstract
Diversified coal reserves Significant percentage of reserves consisting of low-sulfur coal Second-largest U.S. coal producer accounting for approximately 10% of production Operational challenges in Appalachian region Pricing risk on uncommitted coal in 2004 Aggressive debt leverage The ratings on Arch Coal Inc. reflect the company's diversified base of reserves, its high percentage of low-sulfur and compliance coal deposits, Standard & Poor's expectations of a neutral to slightly positive impact from the company's acquisition of Triton Coal Co., a company with operations based in the strategically important Powder River Basin in Wyoming on its aggressive financial profile, and Standard & Poor's expectations of margin improvement. The acquisition of Triton, the seventh-largest U.S. coal producer, expands Arch's production in the Powder River...
Companies mentioned in this report are: Arch Coal Inc.,Arch Western Resources LLC
Action: Review
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: Full Analysis
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