New York, May 04, 2015 -- Moody's Investors Service today downgraded the corporate family rating (CFR) of Arch Coal, Inc (Arch) to Caa3 from Caa1 and the probability default rating (PDR) to Caa3-PD from Caa1-PD. The downgrade follows the continued stress on the coal sector, and the resulting deterioration in the company's credit metrics. At the same time, Moody's downgraded the ratings on the senior secured term loan and bank revolving facility to Caa1 from B2, the second lien notes to Caa3 from Caa1, and all unsecured notes to Ca, from Caa2. Moody's also affirmed the Speculative Grade Liquidity rating of SGL-3. The outlook is negative.

Vollständigen Artikel bei Moodys lesen