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Provider: Thomson Reuters StreetEvents

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Standard & Poor's Ratings Services Downgrades New World Resources PLC’s Rating to B, Outlook Stable - Reuters

Thursday, 23 May 2013 09:51am EDT 

Reuters reported that Standard & Poor's Ratings Services lowered its long-term corporate credit rating for New World Resources PLC (NWR) to B from B+, with a stable outlook. Standard & Poor's Ratings Services said that the revision reflects its forecast that NWR will report weak results in the rest of 2013 and 2014, due to weak coal prices in the second half of 2013 and a drop in coal production. 

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