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Arch Coal Inc.'s Outlook Revised to Stable Despite Expectations of Lowered Free Cash Flow Mar 02
Standard & Poors, March 2002
Abstract
NEW YORK (Standard & Poor's) March 18, 2002--Standard & Poor's today said it revised the outlook on Arch Coal Inc., the second-largest coal producer in the U.S., to stable from positive. Standard & Poor's also affirmed Arch Coal's double-'B'-plus corporate credit rating. At the same time, Standard & Poor's assigned its double-'B'-plus corporate credit rating to Arch Coal's 99%-owned subsidiary, Arch Western Resources LLC, and assigned its double-'B'-plus bank loan rating to Arch Coal's $350 million senior secured revolving credit facility and Arch Western's $675 million in senior secured term loans. St. Louis, Mo.-based Arch Coal does not guarantee the debt of Arch Western Resources. 'The outlook revision reflects the likelihood of weaker free cash flow, which precludes balance sheet...
Companies mentioned in this report are: Arch Coal Inc.,Arch Western Resources LLC
Action: Outlook Revised
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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