[ET Net News Agency, 5 February 2013] Standard & Poor's Ratings Services said it had
affirmed its 'B' long-term corporate credit rating on China-based Winsway Coking Coal
Holdings Ltd (01733). The outlook is negative.
It also affirmed its 'cnB+' long-term Greater China regional scale rating on the coking
coal supply and logistics provider. At the same time, S&P lowered its issue rating on
Winsway's senior unsecured debt to 'B-' from 'B', and its Greater China regional scale
rating to 'cnB' from 'cnB+'. All the ratings were removed from CreditWatch, where they
were placed with negative implications on Jan. 21, 2013.
"We affirmed the corporate credit rating on Winsway because we expect the company's
operating performance to improve in the next 12 months after a loss in 2012," said S&P's
credit analyst Huma Shi. "We also anticipate that Winsway can continue to access bank
facilities for its short-term financing needs." (KL)
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01733 E-COMMODITIES
Nominal 
1.400 0.000 (0.000%) Others
05/02/2013 09:43
Winsway (01733) ratings affirmed with negative outlook - S&P
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