TRIS sticks with Banpu ratings

The ratings reflect “the company’s |leading position in the coal industry within |the Asia-Pacific region, diverse customer |base and geographic diversification of |coal reserves, and the reliable stream of income from the power segment,” the company said.
However, the ratings are partially |offset by the cyclicality of the coal prices, |slowdown in demand for coal driven in part |by efforts to reduce emissions worldwide, as well as the uncertainties concerning coal-related policies implemented by the Chinese government.