« FFFT3 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

there goes another promise... 

By: clo in FFFT3 | Recommend this post (1)
Fri, 23 Aug 19 1:39 AM | 40 view(s)
Boardmark this board | Food For Further Thought 3
Msg. 52308 of 65535
Jump:
Jump to board:
Jump to msg. #

Moody’s Downgrades Coal Sector on Weakening Export Demand
Ratings firm cites closure of coal-fired power plants and weakening demand from steelmakers

By Alexander Gladstone
Aug. 21, 2019 3:11 pm ET

The U.S. coal industry, already reeling from slumping demand as power plants switch to natural gas, is in for more hardship from weakening export prices, according to a new report from Moody’s Investors Service.

The ratings firm downgraded its outlook for the sector to negative from stable Wednesday, noting a “substantive decrease” in export prices for thermal coal, particularly in Europe, which will result in a 3% decline in overall earnings before interest, taxes, depreciation and amortization over the next 12 months.

...
TO READ THE FULL STORY
WSJ




Avatar

DO SOMETHING!




» You can also:
« FFFT3 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next