Fitch: Yancoal, notes BBB-

Fitch Ratings said it has assigned Yanzhou Coal Mining Co. Ltd. (Yancoal) a long-term foreign-currency issuer default rating of BBB- with a stable outlook.

Simultaneously, Fitch said it has assigned Yancoal's proposed senior unsecured notes an expected rating of BBB-(exp).

According to the agency, Yancoal's ratings reflect its position as one of the largest coal mining companies in China, with 10 operational coal mines. Its operating scale and reserve base and life statistics are in line with peers rated in the high BB and low BBB categories.

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