Moody’s ups SunCoke view to positive

Moody's Investors Service said it changed the outlook on the ratings of SunCoke Energy Inc. to positive from stable.

The company's ratings, including the B2 corporate family rating, B2-PD probability of default rating, the Caa1 ratings on its senior unsecured notes due 2019 and the B3 ratings on senior unsecured notes of SunCoke Energy Partners, LP were affirmed.

The speculative grade liquidity rating was also affirmed at SGL-3.

Moody’s said the outlook change reflects the recent improvement in the company's steel end markets, the declining leverage trend over the past few quarters and the expectation of continued deleveragring, as well as SunCoke’s recent proposal to acquire all publically traded common units of SunCoke Energy Partners.

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