Reuters: S&P Assigns ‘B+’ Ratings to Mongolian Mining Corporation

Overview: — Mongolia-based MMC has high mineral and customer concentration; it’s also exposed to the country’s untested and evolving regulatory environment; — MMC’s reduced project development risk, first-quartile cost position, and moderate debt levels partly offset these limitations; — Given these factors, we are assigning our ‘B+’ corporate credit rating to the company and a ‘B+’ issue rating to its proposed senior notes; — The stable outlook reflects our expectation that MMC’s coal sales will grow steadily and profitability will be sustainable over the next two years. To read the full article, click hereS&P Assigns ‘B+’ Ratings to Mongolian Mining Corporation

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