| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Warrior Met Coal, Inc. > News item |
Moody’s ups Warrior Met Coal
Moody's Investors Service said it upgraded Warrior Met Coal, Inc.'s corporate family rating to B2 from B3, probability of default rating to B2-PD from B3-PD and senior secured notes due 2024 to B2 from B3.
The agency also upgraded the company’s speculative grade liquidity rating to SGL-2 from SGL-3.
The outlook is stable.
"Expectations for strong free cash flow generation due to strong met coal prices, combined with changes to the company's shareholder base, have improved Warrior's credit quality," Ben Nelson, Moody's vice president, senior credit officer and lead analyst for Warrior, said in a news release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.