SLX 0.00% 95.0¢ silex systems limited

moody's downgrades usec ratings

  1. 17,479 Posts.
    lightbulb Created with Sketch. 1387
    Moody's downgrades USEC ratings
    The Associated Press

    Friday, December 18, 2009
    NEW YORK Moody's Investor Service on Friday downgraded its ratings for USEC Inc., citing expectations of weak credit metrics over the next several years, increased competition and liquidity risks.

    The company, which is based in Bethesda, Md., is a global supplier of low enriched uranium for nuclear power plants.

    The ratings agency lowered the company's corporate family and probability of default ratings to Caa1 from B3. It also cut the rating for its 3 percent convertible senior notes to Caa2 from Caa1. All new ratings are considered junk grade.

    In addition to concerns over credit, competition and liquidity, Moody's said the ratings are also constrained by USEC's dependence on a single production facility, regulatory risk and the potential for higher costs of electric power, which accounts for up to 75 percent of the company's costs to enrich uranium.

    Shares of the company fell 4 cents to $4.02 in afternoon trading.

    Dec 18, 2009 - 5:46 p.m. EDT
watchlist Created with Sketch. Add SLX (ASX) to my watchlist
(20min delay)
Mkt cap ! $164.1M
Open High Low Value Volume
95.0¢ 96.0¢ 92.0¢ $46.95K 49.52K

Buyers (Bids)

No. Vol. Price($)
1 7543 95.0¢

Sellers (Offers)

Price($) Vol. No.
98.0¢ 9486 1
View Market Depth
Last trade - 16.10pm 18/06/2021 (20 minute delay) ?
0.000 ( 3.23 %)
Open High Low Volume
95.0¢ 96.0¢ 92.0¢ 10745
Last updated 15.48pm 18/06/2021 (live) ?
SLX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.