|Expense Ratio (net)||N/A|
|Last Cap Gain||N/A|
|Morningstar Risk Rating||N/A|
|Beta (3Y Monthly)||N/A|
|5y Average Return||N/A|
|Average for Category||N/A|
Westmoreland Coal Company (“Westmoreland”) (WLBAQ) announced today that Gary Kohn has informed Westmoreland that, for personal reasons, he is resigning from his position as chief financial officer effective January 4, 2019. Westmoreland Coal Company is the oldest independent coal company in the United States.
Moody's Investors Service ("Moody's") downgraded Westmoreland Coal Company's ("Westmoreland") Probability of Default Rating (PDR) to D-PD from Caa3-PD. Moody's also downgraded the company's Corporate Family Rating (CFR) to C from Caa3 and all instrument ratings to C from Ca.
Moody's Investors Service global trailing 12-month speculative-grade default rate closed 2.8% in July, down from 3.0% in June and 3.3% a year ago, the rating agency says in its latest global default report. "Higher oil prices, stronger economic growth across most regions and generally accommodative monetary policies have been the main drivers of the year-over-year decline in the global speculative-grade default rate," said Sharon Ou, a Moody's Vice President and Senior Credit Officer. Moody's forecasts the default rate to finish this year at 2.1%, before reaching 2.0% this time next year.