Moody’s forecasts difficult future for US coal

Aug 12, 2013 | 01:40 PM | Stacy Irish

Tags  Moody's Investors Service, U.S. coal producers, coal, metallurgical coal, Ben Nelson, Anna Zubets-Anderson, Alpha Natural Resources, Arch Coal Peabody Energy

NEW YORK — Moody’s Investors Service Inc. expects U.S. coal producers to cut production, sell assets and restructure debt to improve their liquidity in the near term.

Business conditions for U.S. coal producers will remain depressed throughout next year, it said in an Aug. 8 report, noting that companies with the strongest liquidity will be best positioned to deal with an extended period of weakness.....





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