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Stock Market & Financial Investment News

News Breaks
June 30, 2014
07:50 EDTWLTS&P lowers Walter Energy rating to 'CCC+' with negative outlook
Standard & Poor's Ratings Services said late Friday that it lowered its corporate credit rating on Walter Energy to "CCC+" from "B-". "We lowered the ratings on the company's senior secured credit facilities and 9.5% senior secured first-lien notes to 'B-' from 'B'. The recovery rating on the debt remains '2', indicating our expectation of substantial recovery in the event of a payment default...The negative outlook reflects our expectation that weak met coal market conditions will persist, which will pressure the company's liquidity position. We also expect very weak credit measures in 2014, with debt leverage above 20x and EBITDA interest coverage of less than 1x in 2014," said Standard & Poor's.
News For WLT From The Last 14 Days
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December 17, 2014
11:29 EDTWLTJoy Global sees U.S coal market to be challenged in 2015
Joy Global says U.S. coal exports are likely to decline this year. Falling gas prices attributable to warmer weather will result in a switch to gas for electricity production. Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT).
December 15, 2014
16:30 EDTWLTAlden Global reports 3.79% passive stake in Walter Energy
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December 8, 2014
06:15 EDTWLTWalter Energy implied volatility of 188 at upper end of index mean range
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December 5, 2014
06:26 EDTWLTWalter Energy implied volatility of 184 at upper end of index mean range
December 4, 2014
16:00 EDTWLTOptions Update; December 4, 2014
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06:06 EDTWLTWalter Energy implied volatility of 166 at upper end of index mean range

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