Moody’s confirms credit rating of SUEK at the level of Ba3 with “stable” outlook
Edited by Rhod Mackenzie / 2016-04-28 07:44:29
Finance Metals and mining Russia Russia mineral extraction SUEK Ratings Russia Metals and Mining Coal
Moody's has confirmed the corporate credit rating of SUEK at the level of «Ba3» and potential issuer default rating at the level of «Ba3-PD», the rating agency reports. The outlook on both ratings is "stable".
The stable outlook reflects the Moody's expectation that the Russian producer of thermal coal will maintain the ratio of adjusted debt to EBITDA below 3.5, will continue to generate free cash flow and retain a sufficient level of liquidity.
