Moody's: Winsway unchanged

Moody's Investors Services said that Winsway Coking Coal Holdings Ltd.'s financial results for the first half of 2011 were generally in line with expectations.

The agency said it sees no immediate impact on the company's Ba3 corporate family rating and B1 senior unsecured bond rating.

The outlook remains stable.

The company continues to benefit from the burgeoning Mongolian coking coal industry, Moody's said.

However, the agency said it expects severe competition to pressure Winsway's margin in the medium term.

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