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Published on 11/4/2013 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Fitch ups Winsway notes to CCC-

Fitch Ratings said it upgraded Winsway Coking Coal Holdings Ltd.'s issuer default rating to CCC from RD.

The senior unsecured rating and the rating on its 2016 dollar-denominated notes were also upgraded to CCC-/RR5 from C/RR4.

Fitch said the upgrades follow its reassessment of the company's credit profile after the completion of its debt exchange offer for the dollar-denominated notes due 2016.


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