S&P stabilizes Alliance Resource view

S&P said it revised Alliance Resource Partners LP’s outlook to stable from negative and affirmed its B+ issuer rating.

“We expect adjusted leverage to stabilize close to 2x because of increased volumes, cost control, as well as debt repayment in the next 12 months. We now assume Alliance's sales volumes will rebound to about 31 million in 2021 from about 28 million in 2020. High contracted domestic volumes for 2021 as well as the temporary surge in the domestic thermal coal demand because of accelerating economic growth should provide some opportunity for increased sales over the next 12 months,” S&P said in a press release.

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