I agree and I'd add "but it (Fitch) accepts Coronado will secure more debt" as a stretch to suits the 'market sources' narrative:
What Fitch actually says is: (thanks for sharing @borano):
Additional Funding Uncertain: CRN continues to engage lenders of its RCF on changes granting covenant and usage flexibility, which would allow the company to use the facility beyond the covenant-test deferral until 31 May 2025. CRN is also seeking other financing that would exempt it from the minimum fixed-charge cover incurrence covenant of 2.0x under the notes. We think obtaining additional funding in a timely manner at a manageable cost could be challenging due to market volatility.
further down they explain their ratings 'assumptions' (they have to lock something in to create a rating) - they have 'assumed' they will secure additional financing.
Lots of 'no-news', maybe something is actually brewing...
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coronado global resources inc.
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14.5¢

I agree and I'd add "but it (Fitch) accepts Coronado will secure...
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Last
14.5¢ |
Change
-0.020(12.1%) |
Mkt cap ! $243.0M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 14.5¢ | $2.473M | 16.32M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 1699752 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 287337 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 1012405 | 0.145 |
22 | 1977923 | 0.140 |
9 | 435981 | 0.135 |
9 | 167172 | 0.130 |
7 | 260540 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 287337 | 2 |
0.155 | 553166 | 6 |
0.160 | 636962 | 8 |
0.165 | 546817 | 10 |
0.170 | 757725 | 14 |
Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
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CRN (ASX) Chart |