trending Market Intelligence /marketintelligence/en/news-insights/trending/V1h-n6o1zd1ujG1fxNTcLA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

S&P upgrades Murray Energy to CCC+

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

S&P upgrades Murray Energy to CCC+

S&P Global Ratings on March 26 upgraded Murray Energy Corp.'s issuer rating to CCC+ from SD, with a negative outlook.

The upgrade was based on the expectation that the coal producer will continue to buy back its second and 1.5 lien notes at a discount to par on the open market for its debt restructuring.

S&P Global Ratings expects the company's adjusted leverage to decline to 6.5x by the end of 2019 due to lower cash costs, improved price realizations and continued debt repayment.

On March 21, the rating agency downgraded Murray's issuer credit rating to SD from CCC+, calling the coal producer's deeply discounted open market debt buybacks "tantamount to default."

The rating agency's actions on other notes March 21 were left unchanged.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.