Southern Kuzbass Coal Company ОАО
OAO is one of the principal structural units of OJSC Mechel-Mining, Mechel Group’s coal-mining holding. The enterprise is one of the leading coal producers in the region (the Kuznetsk Basin) and in Russia.
Rating Actions31.07.2015CJSC AK&M Rating Agency has withdrawn the 'B++' tier 3 national scale credit rating of Southern Kuzbass Coal Company OAO, with a negative outlook, due to its expiration.
CJSC AK&M Rating Agency
Ul. Gubkina 3, Moscow, Russia
Phone no. (495) 916-70-10.10.2014The downgrade decision was motivated by the actual failure to settle the tremendous debt of the holding's parent company Mechel OAO reaching 8 billion US dollars, the net debt to EBITDA multiple being more than 11x (as of April 1, 2014). The said failure is proven by the numerous legal actions b21.07.2014
CJSC AK&M Rating Agency affirmed the 'A' national scale credit rating (tier 3) assigned to Southern Kuzbass Coal Company OAO, with a negative outlook.
Once again, the Company's credit rating reflects its high production potential and strong positions in the Russian coal mini02.08.2013The ‘A’ rating indicates that the Company qualifies as a highly reliable borrower. Risk of a delay in meeting liabilities is relatively low, restructuring risk for a loan / part of a loan is minimal.
The reason for the outlook revision is the combined effect of a considerable increase i17.05.2012
The ‘A’ rating indicates high credit capacity of the Company. Risk of a delay in meeting liabilities is relatively low, restructuring risk for the loan / part of the loan is minimal.
Southern Kuzbass Coal Company OAO (hereinafter referred to as the issuer / enterprise) is one of