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Mechel OAO

mechel.com/

Mechel OAO founded 2003 is one of the largest mining and metallurgical companies in Russia and worldwide. The Company is on the list of the backbone enterprises of Russia. Mechel OAO is a vertically integrated holding comprising four business segments (mining, metallurgical, ferroalloy industry and power engineering) with production assets in Russia and abroad. The Company's mining enterprises produce and sell coal, iron-ore concentrate and coke. Mechel's metallurgical companies are engaged in the production and sale of steel, rolled metal products, cast iron, and metal goods. The ferroalloy unit specializes in the production of ferrosilicon, ferrochrome and nickel. The group also owns commercial ports, as well as marketing, transport and power companies.



Ratings
Rating TypeNationalTierOutlookDate*
Company, credit ratingОтозван13.03.2015

*Date of assignment or revision of the rating

Rating Actions

13.03.2015
CJSC AK&M Rating Agency has affirmed the national scale credit rating of Mechel OAO at 'B+' with a negative outlook and withdrawn it.
CJSC AK&M Rating Agency has affirmed the national scale credit rating of Mechel OAO at 'B+' with a negative outlook and withdrawn the rating due to its expiration. Mechel OAO (tax number: 7703370008) founded 2003 is one of the largest mining and metallurgical companies in Russia and wor18.12.2014
CJSC AK&M Rating Agency downgraded the national scale credit rating of Mechel OAO from 'B++' to 'B+', with a negative outlook.
The negative rating action was motivated by the continuing deterioration of the company's financial strength due to its tremendous loan debt exceeding 7.8 billion US dollars. Furthermore, being saddled with heavy debts, Mechel posted 9-month net consolidated operating loss of 1,218 million US do26.09.2014
CJSC AK&M Rating Agency downgrades the national scale credit rating of Mechel OAO from 'A' to 'B++'. The outlook is negative.
The negative rating action follows the weakening financial position of the company due to its tremendous loan debt exceeding 8 billion US dollars, the net debt to EBITDA multiple being more than 11x (as of April 1, 2014). Furthermore, the opportunities for the Company to settle its debt without seve04.03.2014
AK&M Rating Agency affirmed Mechel OAO's national scale credit rating at 'A'. The outlook is negative.
The 'A' rating indicates that Mechel OAO 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. We regard the recent downward trend in the total amount of liabilities and total loan debt, 30.08.2013
CJSC AK&M Rating Agency revised the outlook on the 'A' national scale credit rating of OAO Mechel from stable to negative.
This negative change was motivated by the Company's heavy debt against the tough financial position represented by the significant losses, shrinking assets, lower equity capital and a reduction in sales revenues as of the last reporting date. The credit rating, along with any information and 04.12.2012
AK&M Rating Agency confirmed the ‘A’ rating (stable outlook) assigned to OJSC Mechel as per the national scale
The ‘A’ rating indicates that OJSC Mechel (tax number: 7736520280) is qualified 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 rating score of OJSC Mechel is essentially supported by27.09.2011
29.07.2010
29.07.2009


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