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Bulletin: Compass Minerals International Inc. Rating And Outlook Unchanged By Reported Storm Damage At Its Ontario Mine Facilities Aug 11
Standard & Poors, Aug 2011
Abstract
NEW YORK (Standard & Poor's) Aug. 24, 2011--Standard & Poor's Ratings Services said today that its 'BB+' rating and stable rating outlook on Compass Minerals International Inc. remain unchanged at this time following reported storm damage at the company's salt mine and salt mechanical evaporation plant facilities in Goderich, Ontario. Compass Minerals announced that while there was no damage to underground operations at the mine, the evaporated salt plant and surface buildings at the mine site sustained significant structural damage that will suspend operations at these facilities until repairs are made. Assessments to determine the extent of the damage are still underway, and it is uncertain when the facilities will restart operations. Although repair and operating disruption costs could hurt...
Companies mentioned in this report are: Compass Minerals International 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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