Key Developments: Raspadskaya OAO (RASP.MM)

RASP.MM on Moscow Interbank Currency Exchange

25.49RUB
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

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

Raspadskaya OAO recommends no FY 2013 dividend payment-Interfax
Tuesday, 25 Mar 2014 11:16pm EDT 

Raspadskaya OAO:The board of directors of Raspadskaya has recommended that shareholders waive a final dividend for 2013, the company reported-Interfax.The board recommended that unallocated surplus from previous years be used to offset the loss of 101.12 million Russian rubles in 2013.Raspadskaya shareholders will hold their annual meeting on May 21.  Full Article

Moody's affirms Raspadskaya OAO's rating and upgrades outlook to stable-Interfax
Friday, 27 Dec 2013 02:21am EST 

Raspadskaya OAO:International rating agency Moody's has affirmed Raspadskaya's B2 corporate rating and improved the rating outlook from negative to stable, a Moody's press release says-Interfax.  Full Article

Fitch Affirms Raspadskaya OAO's Ratings-Interfax
Thursday, 3 Oct 2013 08:00am EDT 

Interfax reported that Fitch Ratings (Fitch) affirmed Russia-based coal producer Raspadskaya OAO's long-term foreign and local currency issuer default rating (IDR) and senior unsecured rating at B+, and its national long-term rating at A(rus), the rating agency said in a press release. The short-term IDR is affirmed at B, it said. The outlook for the ratings is stable.  Full Article

Moody's Downgrades Raspadskaya OAO's Rating-Interfax
Monday, 19 Aug 2013 03:33am EDT 

Interfax reported that Moody's Investors Service (Moody's) has lowered its corporate rating assigned to Raspadskaya OAO from B1 to B2 and its rating outlook for the Russian coking coal producer to negative from stable, the agency said in a statement.  Full Article

Raspadskaya OAO Appoints Chairman of Board of Directors-Interfax
Friday, 31 May 2013 08:19am EDT 

Interfax reported that Raspadskaya OAO has appointed independent director, Mr. Terry Robinson, to the post of the Chairman of the Board of Directors.  Full Article

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