New York, March 14, 2016 -- Moody's Investors Service, ("Moody's") today downgraded the Corporate Family Rating (CFR) of Cloud Peak Energy Resources LLC to B3 from B1. At the same time, Moody's downgraded the Probability of Default Rating (PDR) to B3-PD from B1-PD, and the ratings on senior unsecured notes to Caa1 from B3. Moody's also lowered the Speculative Grade Liquidity Rating to SGL-3 from SGL-2. This concludes the review initiated on January 21, 2016, when Moody's placed all ratings on review for downgrade, reflecting an effort to recalibrate ratings in the mining sector given perceived fundamental shift in the operating environment. The outlook is negative.

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