Peabody Energy Corp. (BTU) Reports In-Line Q2 Loss of 28c/Share; Updates Outlook
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Moody's Cuts Peabody Energy (BTU) to 'Ba3'; Little Improvement Expected in Met, Seaborne Coal in Next 12 to 18 Months
July 23, 2014 2:28 PM EDTMoody's downgraded the ratings of Peabody Energy Corporation (NYSE: BTU), including its Corporate Family Rating (CFR) to Ba3 from Ba2; Probability of Default Rating (PDR) to Ba3-PD from Ba2-PD; senior secured ratings to Ba2 from Ba1, senior unsecured rating to Ba3 from Ba2, and the junior subordinate debt rating to B2 from B1. Speculative Grade Liquidity (SGL) rating is affirmed at SGL-2. The outlook is negative.
..Issuer: Peabody Energy Corporation
Downgrades:
.... Probability of Default Rating, Downgraded to Ba3-PD from Ba2-PD
.... Corporate Family Rating, Downgraded to Ba3 from... More
