Skip to main content

Warrior Met Coal ‘B+’ credit rating affirmed by S&P Global Ratings

Published by
World Coal,

On 23 January, Warrior Met Coal, Inc. announced that Standard & Poor’s (S&P) Rating Services has affirmed the company’s corporate credit rating of ‘B+’, with a stable outlook.

At the same time, S&P raised the issue level rating on the company’s senior secured notes due 2024 from ‘BB-’ to ‘BB’ and the recovery rating to ‘1’ from ‘2’.

S&P cited the company’s strong performance, strong credit metrics and stable outlook as reasons for its new ratings. The upgrade reflects S&P’s view about Warrior’s ability to maintain strong EBITDA margins, low debt leverage and strong free cash flow in 2019.

Read the article online at:

You might also like

OSIsoft webinar

[WEBINAR] How to succeed in Digital Transformation in Mining and Materials

During this webinar, OSIsoft will explain their successful path to Digital Transformation, including Predictive Maintenance 4.0 from an asset reliability perspective, Health, Safety & Environment improvement opportunities, and Autonomous Operations for process optimisation. Register for free today »


Embed article link: (copy the HTML code below):