S&P rates Elion Resources B

S&P said it assigned a B long-term corporate credit rating to Elion Resources Group Co. Ltd.

The outlook is stable.

The rating mainly reflects the company's small operational scale and limited geographical diversity, S&P said.

However, the company has sufficient experience, some technology expertise and reasonable working capital management, the agency said.

Elion Resources also has a concentrated geographical exposure with operations in northwest and north China, S&P said.

The Chinese government is pushing for environmental protection and fast growth, so the company is likely to face increasing competition from existing players and new entrants, the agency added.

© 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.