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Key Developments: Raspadskaya OAO (RASP.MM)

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Latest Key Developments (Source: Significant Developments)

Raspadskaya OAO recommends no dividend payment for 2015
Thursday, 24 Mar 2016 02:46am EDT 

Raspadskaya OAO:Says its board of directors recommended no dividend payments for 2015.  Full Article

Fitch affirms Raspadskaya OAO at B+
Tuesday, 15 Sep 2015 07:43am EDT 

Raspadskaya OAO:Fitch Ratings has affirmed Russia-based Evraz Group SA's (Evraz Group) and holding company Evraz plc's (Evraz) long-term issuer default rating (IDR) at BB-.The ratings of Evraz's 82 pct owned subsidiary, Russian coal company OAO Raspadskaya, have also been affirmed at B+.The outlook on all ratings is stable.Evraz Group's senior unsecured rating of BB- has also been affirmed.The rating affirmation reflects Evraz's ability to generate positive free cash flow (FCF) through the steel market cycle.Fitch expects this trend to continue in 2H15, assisted by the favourable foreign exchange impact on rouble-denominated costs.  Full Article

Raspadskaya OAO recommends no FY 2014 dividend payment - Reuters
Thursday, 26 Mar 2015 11:20pm EDT 

Raspadskaya OAO:Raspadskaya OAO recommends no FY 2014 dividend payment - Reuters.  Full Article

Raspadskaya OAO stock price up 17 pct - Interfax
Monday, 16 Feb 2015 06:45am EST 

Raspadskaya OAO:Rapadskaya stock price up 17 pct to 37.07 roubles per share after the company published financial results for Q4 and 2014 - Interfax.  Full Article

Fitch affirms Raspadskaya OAO rating-Interfax
Monday, 15 Dec 2014 07:09am EST 

Raspadskaya OAO:Fitch has affirmed its long-term foreign and local currency issuer default ratings of B+, assigned to Russian coal miner Raspadskaya, the agency said in a press release-Interfax.The outlook on the ratings is stable.  Full Article

Raspadskaya OAO to deliver coal to managing company-Interfax
Wednesday, 10 Dec 2014 05:24am EST 

Raspadskaya OAO:Raspadskaya can deliver 6 million tonnes of coal to a managing company Raspadskaya ugol'naya kompaniya OAO in 2015-Interfax.The value of the deal will amount to 12 billion Russian roubles, excluding VAT.  Full Article

Raspadskaya OAO comments on 2014 and 2015 coal production plans-Interfax
Thursday, 21 Aug 2014 07:37am EDT 

Raspadskaya OAO:Raspadskaya is expecting to produce around 11.5 million tonnes of coking coal in 2015 versus the planned 10 million tonnes in 2014, the company's CEO, Sergei Stepanov, said during a conference call-Interfax.As reported, 10 million tonnes of coal is the level of production the group was at in 2010, when a serious explosion occurred at the Raspadskaya mine and coal production fell.  Full Article

Moody's changes outlook on Raspadskaya OAO ratings to negative
Monday, 14 Jul 2014 06:26am EDT 

Raspadskaya OAO:Moody's Investors Service has changed to negative from stable the outlook on Raspadskaya OAO's B2 corporate family rating (CFR) and B2-PD probability of default rating (PDR).Concurrently, Moody's has affirmed these ratings.The change in outlook reflects Moody's expectations that low domestic demand and subpar profitability of export deliveries will likely continue in the near term, which will continue to negatively affect the company's financial metrics over the next quarters.Moreover, low coking coal prices and the lack of formal guarantees from EVRAZ plc or Evraz Group SA limit the level of alignment between the CFRs of Raspadskaya and Evraz Group.  Full Article

Raspadskaya OAO announces appointment of new CEO of managing company
Thursday, 26 Jun 2014 08:00pm EDT 

Raspadskaya OAO:Appoints Sergey Stepanov as the Chief Executive Officer of Raspadskaya Coal Company (managing company of Raspadskaya) with effect from July 1.Gennady Kozovoy, ex-CEO of Raspadskaya Coal Company, will continue serving on Raspadskaya’s Board.  Full Article