S&P views Alliance Resource positively

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

“We expect Alliance's adjusted leverage will improve on account of lower debt and stronger expected earnings. S&P Global Ratings believes Alliance could sustain adjusted debt to EBITDA of 1x by end of fiscal 2022, which compares favorably with its prior expectation of about 2x,” the agency said in a press release.

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