Moody's rates Yanzhou Coal Baa3

Moody's Investors Service said it assigned a Baa3 issuer rating to Yanzhou Coal Mining Co. Ltd.

Moody's also assigned a Baa3 senior unsecured rating to Yanzhou Coal's proposed dollar-denominated bonds.

The outlook is stable.

"Yanzhou Coal's Baa3 rating reflects the good quality of its operating coal mines, its leading market position in China's thermal and coking coal sector, its track record of complying with the safety operations and environmental protection requirements, as well as its close affiliation with the Shandong provincial government," Moody's vice president Ivan Chung said in a news release.

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