The international rating agency Moody 'S Investors Service against the backdrop of a negative prospect of coal prices predicts a high probability of bankruptcy. We are talking about two Chinese companies - Winsway Coking Coal Holdings and Hidili Industry International Development.
Low coal prices will exert “pressure on the creditworthiness and liquidity of most coaling companies in the Asia-Pacific region for the next 12 to 18 months,” said Simon Wong, holding the post-president of Moody `S in his report.
According to Vong, “special concern” is called by the Winsway Coking Coal Holdings, which is a major importer of coking coal and having a liquidity buffer for less than three months.
Moody's rating agency worsened its forecasts for two large Asian coaling companies
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