S&P ups Coronado

S&P said it raised its long-term issuer credit rating on Coronado Group LLC to B+ from B and subsequently withdrew the rating following subsidiary Coronado Global Resources Inc.'s listing in Australia.

At the same time, S&P assigned a long-term issuer credit rating of B+ to Coronado.

The outlook is stable.

“We raised the rating on Coronado to reflect the company's improved business prospects and more conservative capital structure,” S&P said in a news release.

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