American Rock Salt Co. LLC Ratings Placed On Watch Negative As Result Of Mild Weather - S&P Global Ratings’ Credit Research

American Rock Salt Co. LLC Ratings Placed On Watch Negative As Result Of Mild Weather

American Rock Salt Co. LLC Ratings Placed On Watch Negative As Result Of Mild Weather - S&P Global Ratings’ Credit Research
American Rock Salt Co. LLC Ratings Placed On Watch Negative As Result Of Mild Weather
Published Jan 10, 2007
595 words — Published Jan 10, 2007
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Abstract:

NEW YORK (Standard&Poor's) Jan. 10, 2007--Standard&Poor's Ratings Services said today that it placed its ratings, including its 'B' corporate credit rating, on Mount Morris, N.Y.-based American Rock Salt Co. LLC (ASRC) on CreditWatch with negative implications. "The action reflects the company's very thin liquidity and weak operating performance stemming from the unprecedented mild weather in ARSC's upstate New York operating area," said Standard&Poor's credit analyst Marie Shmaruk. "A mild winter so far has lowered the demand for the company's highway deicing salt, forcing ASRC to temporarily idle its lone mining operation." Although the company's availability on its $30 million asset-based revolving credit facility was $8 million on Sept. 30, 2006, its current liquidity position

  
Brief Excerpt:

RESEARCH American Rock Salt Co. LLC Ratings Placed On Watch Negative As Result Of Mild Weather Publication date: 10-Jan-2007 NEW YORK (Standard & Poor's) Jan. 10, 2007--Standard & Poor's Ratings Services said today that it placed its...

  
Report Type:

Ratings Action

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GICS
Diversified Metals & Mining (15104020)
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Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "American Rock Salt Co. LLC Ratings Placed On Watch Negative As Result Of Mild Weather" Jan 10, 2007. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/American-Rock-Salt-Co-LLC-Ratings-Placed-On-Watch-Negative-As-Result-Of-Mild-Weather-556561>
  
APA:
S&P Global Ratings’ Credit Research. (). American Rock Salt Co. LLC Ratings Placed On Watch Negative As Result Of Mild Weather Jan 10, 2007. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/American-Rock-Salt-Co-LLC-Ratings-Placed-On-Watch-Negative-As-Result-Of-Mild-Weather-556561>
  
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