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Walter Energy, Inc. Message Board

  • well_connected_and_well_off well_connected_and_well_off Jun 10, 2013 11:41 PM Flag

    S&P noted the company's key risks include continued weakness

    in the company's key European markets, high reliance on a single Southern Appalachian mining complex for most of its operating income, and elevated debt levels related to the $3.3 billion acquisition of Western Coal Corp. However, the firm believes Walter Energy's coal reserves are of a very high quality and its mining costs are low compared with many of its peers. S&P expects the company's credit measures to improve when market conditions and met coal prices rebound, though the timing of a recovery is certain.

 
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