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Global Economic Uncertainty Tempers Prospects For U.S. And Canadian Metals And Mining Companies, Says Report Feb 12

  • ID: 2051725
  • February 2012
  • Region: Global, Canada, United States
  • Standard & Poors
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  • AK Steel Corp.
  • Arch Coal Inc.
  • Commercial Metals Co.
  • Freeport-McMoRan Inc.
  • KGHM International Ltd.
  • Newmont Mining Corp.
  • MORE

NEW YORK (Standard & Poor's) Feb. 7, 2012--Standard & Poor's Ratings Services said today in a report that our outlook for the U.S. and Canadian metals and mining sector in 2012 is stable. The article is titled "Credit Themes: Global Economic Uncertainty Weighs On U.S. And Canadian Metals And Mining Companies." Credit quality has improved since the 2008-2009 recession and for the most part, companies are performing in line with our expectations. About 75% of the 68 metals and mining companies we rate have stable rating outlooks. "However, our baseline economic assumptions and industry dynamics temper what might otherwise be a more sanguine outlook for the sector," said Standard & Poor's credit analyst Marie Shmaruk. The recovery in the U.S....

Action: General Comment

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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- Alcoa Inc.
- Carpenter Technology Corp.
- Newmont Mining Corp.
- Nucor Corp.
- Cliffs Natural Resources Inc.
- Commercial Metals Co.
- Freeport-McMoRan Inc.
- Consol Energy Inc.
- Barrick Gold Corp.
- AK Steel Corp.
- Allegheny Technologies Inc.
- Peabody Energy Corp.
- Arch Coal Inc.
- Kinross Gold Corp.
- United States Steel Corp.
- Walter Energy Inc.
- Alpha Natural Resources Inc.
- KGHM International Ltd.
- Goldcorp Inc.
- Patriot Coal Corp.

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