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Bulletin: Alpha Natural Resources Inc. 'BB' Rating Unaffected By Lower Coal Production Feb 12
Standard & Poors, Feb 2012
Abstract
NEW YORK (Standard & Poor's) Feb. 6, 2012--Standard & Poor's Ratings Services said today that its 'BB' rating on Alpha Natural Resources, Inc. (Alpha) would not be affected at this time by the company's announcement that it would reduce coal production at certain mines in the Central Appalachia (CAPP) region due to market conditions that have decreased coal demand. We currently expect the company to sell about 120 million tons of coal in 2012, including slightly more than 20 million tons of metallurgical (met) coal, which is at the lower end of company-provided guidance of 119 million tons to 132 million tons. Consequently, due to weaker met coal demand and natural gas substitution in Alpha's thermal coal markets, we expect...
Companies mentioned in this report are: Alpha Natural Resources 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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