02.08.2016 18:23:00
|
Moody's: Reclamation liabilities loom as coal producers emerge from bankruptcy
New York, August 02, 2016 -- A sustained contraction in demand for coal production has forced a swath of major producers into Chapter 11 reorganization over the past few years, and as while these companies are expected to emerge smaller and leaner, they will also need to acclimate to the level of diminishing demand for coal production, Moody's Investors Service says in a new report. In addition, these companies will inherit significant reclamation liabilities.