Peabody Energy Corporation -- Moody's downgrades Peabody's ratings (CFR to Caa3), outlook negative

New York, December 22, 2015 -- Moody's Investors Service downgraded the ratings of Peabody Energy Corporation (Peabody), including the corporate family rating (CFR) to Caa3 from Caa1, probability of default rating (PDR) to Caa3-PD from Caa1-PD, the ratings on the senior secured credit facility to B3 from B2, the ratings on second lien debt to Caa3 from Caa1, the ratings on senior unsecured notes to Ca from Caa2, and the junior subordinated debenture ratings to C from Caa3. The speculative grade liquidity rating of SGL-3 remains unchanged. The outlook is negative. This concludes the review for possible downgrade initiated on August 27th, 2015.

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