• Whitehaven receives investment grade credit ratings from S&P, Fitch and Moody's
• Ratings recognize Whitehaven's strengthened credit profile and prudent capital management
• Ratings support Whitehaven's refinancing program and access to global debt capital markets

Whitehaven Coal Limited (ASX: WHC) has announced that it has received investment grade credit ratings from the three major global credit rating agencies - S&P Global Ratings, Fitch Ratings, and Moody's Investors Service. The assigned ratings include an issuer credit rating of BB+ from S&P and Fitch, as well as a corporate family rating of Ba1 from Moody's, all with a stable outlook. In addition, S&P and Fitch have published investment grade BBB- ratings for Whitehaven's proposed senior secured debt instruments, as part of the company's current refinancing program. The credit ratings recognize Whitehaven's strengthened credit profile, prudent capital management, and the successful integration and initial improvements at the Daunia and Blackwater metallurgical coal operations, which have enhanced the company's diversification, scale and returns through the cycle. These public ratings will provide a strong foundation for Whitehaven to access global debt capital markets and issue senior secured debt instruments expected to be rated at investment-grade levels, delivering considerable value to shareholders through diversified funding, significant cost savings, and a lower weighted average cost of capital (WACC).

Whitehaven's investment grade credit ratings will support the company's refinancing program and provide access to global debt capital markets, delivering cost savings and a lower weighted average cost of capital.