S&P rates Eurasian Natural Resources BB+/B

Standard & Poor's said it assigned a BB+ long-term and B short-term corporate credit ratings to Eurasian Natural Resources Corp. plc.

The outlook is stable.

The BB+ rating is based on its standalone credit profile, and there is a low likelihood of support from the Republic of Kazakhstan, according to the agency.

Ratings reflect a long reserve life and healthy profitability, the agency said.

Constraining factors include inherent commodity price and exchange rate volatility, industry cost pressures and capital intensity, the agency noted.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.