Massey Energy’s corporate credit rating was dropped to a BB- on Wednesday, and the company was put on Standard and Poor’s CreditWatch with negative implications as a result of the explosion at the Upper Big Branch mine in Raleigh County, West Virginia, on Monday, the credit ratings agency said in a release. Some 25 miners died, two are hospitalized and another four are missing. “The action reflects the uncertainty surrounding the potential impact on the company’s overall production this year, though the immediate loss of production from the Upper Big Branch mine will not likely result in an earnings impact that would bring credit metrics to a level no longer consistent with the ‘BB-’ rating,” said analyst Sherwin Brandford in a statement Wednesday.
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机译:周一,Massey Energy的公司信用评级降至BB-,并且由于周一西弗吉尼亚州罗利县的Upper Big Branch矿发生爆炸,该公司被纳入标准普尔的CreditWatch并产生负面影响。信用评级机构在一份新闻稿中表示。约有25名矿工死亡,有2名住院,另有4名失踪。 “该举动反映了围绕今年对公司整体生产的潜在影响的不确定性,尽管Upper Big Branch矿山的立即生产损失不太可能导致收益影响,这将使信贷指标达到与之前不相符的水平。分析师Sherwin Brandford在周三的声明中说:“ BB-”评级。
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