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Arch Coal Inc.'s $750 Mil. Shelf Assigned Preliminary Ratings; Other Ratings Affirmed Apr 01
Standard & Poors, April 2001
Abstract
NEW YORK (Standard & Poor's CreditWire) April 23, 2001--Standard & Poor's today assigned preliminary ratings to Arch Coal Inc.'s $750 million universal shelf. All other ratings are affirmed (see list below). The outlook is stable. Drawdowns under the shelf will be used for general corporate purposes that will include working capital, capital expenditures, stock redemption, repayment of debt or acquisitions. The ratings reflect Arch Coal Inc.'s substantial diversified reserve base consisting of a high percentage of low sulfur/compliance coal deposits and a strong market position in each of the major coal producing regions in North America. The ratings also reflect the company's aggressive financial profile. Arch is the second-largest coal producer in North America with 110 million tons sold in...
Companies mentioned in this report are: Arch Coal Inc.
Action: New Rating
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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