Australia’s Coal Sector Looks To Dig Itself Out Of A Funding Hole
According to a new report by S&P Global Ratings, the Australian coal sector is facing growing funding challenges. Australia is the world’s second largest coal exporter. Q2 2021 hedge fund letters, conferences and more Key Takeaways The pool of debt capital available to fund the coal sector is shrinking, driving up debt costs.Financial markets are moving independently and often ahead of business and policy makers, bringing fresh considerations to credit ratings.Any permanent cost increases will heighten rating transition risk even despite expected strong medium term demand for Australian coal.I...