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Arch Coal Inc. Jul 05
Standard & Poors, July 2005
Abstract
Diversified coal reserves; Significant percentage of reserves consisting of low-sulfur coal; and Strong coal markets High-cost eastern operations; Operational challenges in Appalachian region; and Aggressive debt leverage The ratings on Arch Coal Inc. reflect the company's aggressive financial profile and challenging operating conditions for its eastern operations. These factors overshadow benefits from the company's vast and diversified base of coal reserves and the current strong industry conditions. Arch Coal is one of the largest U.S. coal producers, with coal sales of 139 million tons for the 12 months ended June 30, 2005. The St. Louis, Mo.-based company operates numerous mines in the eastern and western coal-producing regions of the U.S. About 74% of Arch Coal's reserves consist of higher-margin compliance...
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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