New York, September 20, 2016 -- Moody's Investors Service, ("Moody's") today assigned a Caa3 rating to the new proposed second lien secured notes of Cloud Peak Energy Resources LLC (Cloud Peak). At the same time, Moody's downgraded the Corporate Family Rating (CFR) of Cloud Peak to Caa2 from B3. Moody's also downgraded the Probability of Default Rating (PDR) to Caa2-PD from B3-PD, and the ratings on senior unsecured notes to Ca from Caa1. The Speculative Grade Liquidity Rating is affirmed at SGL-3. The outlook is stable.

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