Credit Health Becomes the Measure of Choice for Assessing Coal Miners
December 10, 2015
Rapid Ratings, a company that measures the financial health of thousands of public and private companies, recently provided SNL Energy its own assessment of the financial health of major U.S. coal producers. The firm claims the rating provides a predictive view of a company’s financial strength, operating efficiency and default probability over the next 12 months. Rapid Ratings, which consider a company’s long-term financial health, resilience over the coming year and its competitiveness against global peers, has been an excellent predictor of future defaults. About 90% of companies that fail have a rating under 40.