|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: Arch Coal Inc. Ratings Unchanged on FTC's Decision to Block Triton Coal Acquisition Mar 04
Standard & Poors, March 2004
Abstract
On March 31, 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 the Federal Trade Commission will file a lawsuit to block the company's proposed acquisition of Triton Coal Company. Although the Triton acquisition was expected to reduce Arch's debt leverage, higher-priced committed coal contracts in 2004 are expected to improve credit metrics. However, the containment of operating costs in Arch's Eastern U.S. region is an important ratings factor. For the ratings to be maintained, Arch must restore credit protection measures to appropriate levels and demonstrate sustainable margin improvement. In particular, for the current rating, Standard & Poor's would expect Arch to...
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.
|
|
|
|
