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BULLETIN: Arch Coal Inc. Announces First Quarter Loss Apr 02
Standard & Poors, April 2002
Abstract
Standard & Poor's said today that Arch Coal Inc.'s (BB+/Stable/--) announcement of a net loss in the first quarter will have no impact on its current ratings on the company. Standard & Poor's recently revised its outlook to stable from positive, reflecting lower prevailing prices, reduced production and increasing costs. Still, with much of Arch's 2002 and 2003 production re-negotiated last year at higher realizations, financial performance is expected to improve versus historical results....
Companies mentioned in this report are: Arch Coal Inc.
Action: S&P Event
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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