Moody’s revises SUEK view to negative

Moody’s Investors Service, said it changed the outlook to negative from stable and affirmed the Ba2 corporate family rating of SUEK as well as the Ba2 ratings assigned to the senior unsecured bonds issued by SUEK Finance, a wholly owned subsidiary of SUEK.

“The negative outlook reflects low steam coal prices and the uncertainty with respect to the near-term recovery of the seaborne market, which may delay the company’s deleveraging over the next 12-18 months,” the agency said in a press release.

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