Walter Energy (WLT) -2.2% AH after Standard & Poor's places all existing ratings on the...

|About: Walter Energy, Inc. (WLT)|By:, SA News Editor

Walter Energy (WLT) -2.2% AH after Standard & Poor's places all existing ratings on the company, including the B corporate credit rating, on CreditWatch with negative implications. Last week, WLT decided not to proceed with its proposed refinancing, but the ratings firm says the transaction would have pushed out maturities and eliminated maintenance covenants, improving its liquidity position.