New York, February 29, 2016 -- Moody's Investors Service today downgraded the ratings of Armstrong Energy, Inc. (Armstrong), including its corporate family rating (CFR) to Caa1 from B3, probability of default rating (PDR) to Caa1-PD from B3-PD, and the rating on the senior secured notes to Caa2 from B3. The outlook is negative.

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