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Fitch: CNX Coal Resources Well Positioned Despite Coal Weakness

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CHICAGO--(BUSINESS WIRE)--CNX Coal Resources LP (CNXC) should be well positioned long-term despite current coal market weakness due to its contracted volumes, stable cash flow, low operating costs and strong dropdown pipeline, according to Fitch Ratings. Fitch expects future dropdowns at a more favorable multiple which should provide additional liquidity for CONSOL Energy Inc. (CONSOL) to continue growing its E&P business. CNXC was formed as a master limited partnership (MLP) by CONSOL, whi

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