New York, October 19, 2015 -- Moody's Investors Service today downgraded the senior unsecured ratings of Joy Global Inc. (Joy) to Baa3 from Baa2, reflecting weaker than expected performance in 2015 and the continued pressure on the credit metrics in light of the challenges facing the commodities sector, particularly coal miners, responsible for roughly 55% of the company's sales. The outlook is negative.
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