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BULLETIN: Arch Coal Inc. Ratings Unchanged on Agreement to Sell Triton Coal's Buckskin Mine Mar 04
Standard & Poors, March 2004
Abstract
On March 10, 2004, Standard & Poor's Rating Services said its ratings and outlook on St. Louis, Mo.-based Arch Coal Inc. (BB+/Negative/--) would remain unchanged following the company's announcement that it has signed an agreement to sell Triton Coal Company's Buckskin mine upon completion of its acquisition of Triton. Standard & Poor's had considered this event into the potential impact on leverage the Triton acquisition would have. The $82 million purchase price for Buckskin is in line with Standard & Poor's expectations....
Companies mentioned in this report are: Arch Coal Inc.
Action: Bulletin
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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