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Walter Energy Inc. May 11 Product Image

Walter Energy Inc. May 11

  • Published: May 2011
  • Standard & Poors

Abstract
Significant high-quality metallurgical (met) coal reserves, and Strong met coal pricing supported by Asian demand and operating disruptions Limited product diversity and scope of operations, Significant operations concentrated in a high-cost and difficult-to-mine basin subject to increasing regulatory scrutiny, and Highly cyclical end markets The rating on Walter Energy Inc. reflects what Standard & Poor's Ratings Services considers to be the combination of the company's weak business risk profile and significant financial risk profile. Although the acquisition of Western Coal Corp. in provides some end market and operational diversity, the bulk of the company's earnings and cash flow will still rely on met coal sales, which are highly cyclical. In our view, strength met coal prices will support improving credit...

Companies mentioned in this report are:
- Walter Energy Inc.

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the READ MORE >

- Walter Energy Inc.

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