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Credit FAQ: For U.S. Coal Producers, Higher Prices Mean Improved Credit Quality Sep 08 Product Image

Credit FAQ: For U.S. Coal Producers, Higher Prices Mean Improved Credit Quality Sep 08

  • ID: 1787582
  • September 2008
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Arch Coal Inc.
  • Consol Energy Inc.
  • Drummond Co. Inc.
  • James River Coal Co.
  • Massey Energy Co.
  • Peabody Energy Corp.
  • MORE

Abstract
Coal has been one hot commodity lately. Steadily climbing global demand has led to rising prices for coal producers everywhere, including in the U.S. In turn, that has led Standard & Poor's Ratings Services to recently raise the ratings of five of our 10 rated U.S. coal companies and to revise the outlook on another to developing from negative (see table). We took these actions after doing an industry review prompted by the likelihood that rising prices would boost the U.S. coal miners' credit quality over the next 12 to 18 months. (For more information on our coal review and ratings changes, please see "Review of U.S. Coal Industry Leads to Five Upgrades; High Prices Cited," published on RatingsDirect on...

Companies mentioned in this report are:
- Consol Energy Inc.
- Drummond Co. Inc.
- Peabody Energy Corp.
- Arch Coal Inc.
- Massey Energy Co.
- James River Coal Co.
- Walter Energy Inc.
- Alpha Natural Resources Inc.(Old)
- Alpha Natural Resources Inc.
- International Coal Group LLC

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, READ MORE >

- Consol Energy Inc.
- Drummond Co. Inc.
- Peabody Energy Corp.
- Arch Coal Inc.
- Massey Energy Co.
- James River Coal Co.
- Walter Energy Inc.
- Alpha Natural Resources Inc.(Old)
- Alpha Natural Resources Inc.
- International Coal Group LLC

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