Moody’s changes Yanzhou Coal view

Moody's Investors Service said it changed to positive from stable the outlook on Yanzhou Coal Mining Co. Ltd.'s Ba3 corporate family rating and the Ba3 senior unsecured rating on the bonds issued by Yancoal International Resources Development Co., Ltd. and guaranteed by Yanzhou Coal.

Moody's also affirmed the ratings.

“The positive ratings outlook reflects our expectation that Yanzhou Coal's improved credit profile will likely be sustained at levels that are strong for its Ba3 rating over the next 12-18 months,” Gerwin Ho, Moody's vice president and senior credit officer, said in a news release.

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