trending Market Intelligence /marketintelligence/en/news-insights/trending/wms1pstullzy4vlbxg1gkw2 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

Moody's downgrades, withdraws ratings on Westmoreland after bankruptcy filing

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

Moody's downgrades, withdraws ratings on Westmoreland after bankruptcy filing

Moody's downgraded Westmoreland Coal Co.'s probability of default rating and withdrew all its ratings for the coal producer after Westmoreland and its master limited partnership, Westmoreland Resource Partners LP, filed for Chapter 11 bankruptcy protection Oct. 9.

The probability of default rating was lowered from Caa3-PD to D-PD, or default on all long-term debt obligations. Westmoreland's corporate family rating was downgraded from Caa3 to C, and all instrument ratings from Ca to C. The rating agency maintained its speculative grade liquidity rating at SGL-4, meaning weak liquidity, with a stable outlook.

"Management believes that liquidity from operations combined with the company's debtor-in-possession financing (unrated) is sufficient to continue operating its mines in the normal course of business, without any expected impact to current output levels, though in our view the ultimate impact of the filings remains unclear," Moody's said in an Oct. 11 note.

S&P Global Ratings withdrew all ratings on Westmoreland and its issuing subsidiary Oxford Mining Co. LLC on Sept. 7 at the issuer's request.

S&P Global Ratings and S&P Global Market Intelligence are both owned by S&P Global Inc.