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Coastal Realignment Amid Corporate Shakeup and Ratings Drop
Coastal States Producing plans a realignment splitting marketing and refining units under new leaders as longtime president retires. Moody’s downgrades the parent to BBB amid rising financial strain and potential legal bonds. LCRA seeks a court order for a $47 million fund while Coastals faces broader liquidity and contract challenges. observers warn of possible bankruptcy if bonds fail.
MENTIONED IN THIS ARTICLE
Coast
Rales Ace
Robert Wallydyatt
Hemmmnagernend Chames
Hartanpty Ao
Standard and Poors
Standard and Poor's
Snantas
Aemenit Cies
Vn Winnbwed
Wells
Nest
Moore
Genie Vier
Wher
W. R. Harper
Albin Smith
Harper
Cmpany
Coastal Shares Marketns
South Wall
Coastal Slates
Iron Shizhrennturdl Resnurers Co
Ine Smith
Coagtal
Corpus Chri
Wichita
Kan
Hercules
Jue Hall
Corpus Christi
Coastal
Frian Peproleum
VO Thad
Tul Ot Detmburion Systems
bLygland
Hace