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Moody’s downgrades U.S. coal sector, expects ‘substantial’ decline in demand

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Utility Dive: Moody’s Investors Service on Wednesday downgraded the North American coal sector to a “negative” outlook, citing an expected 3% decline in earnings in the second half of 2019 and a slide in profitability over the next year to 18 months. The ratings firm pointed to a “substantive decrease in export prices” for thermal […]

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