New York, March 14, 2016 -- Moody's Investors Service, ("Moody's") Moody's today downgraded the corporate family rating (CFR) of Natural Resource Partners, L.P. to B3 from B1. At the same time, Moody's downgraded the probability of default rating (PDR) to B3-PD from B1-PD and senior unsecured debt to Caa2 from B3. The Speculative Grade Liquidity rating of SGL-3 was affirmed. 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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