S&P reviews Yanzhou Coal

Standard & Poor's said it placed its BB long-term corporate credit rating and cnBBB- long-term Greater China regional scale rating on Yanzhou Coal Mining Co. Ltd. on CreditWatch with negative implications.

“We put the ratings on CreditWatch because of the risk of a prolonged period of weak coal prices, which will weaken Yancoal's earnings, EBITDA interest coverage, and leverage," S&P credit analyst Apple Lo said in a news release.

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