New York, March 20, 2015 -- Moody's Investors Service today Moody's upgraded the corporate family rating (CFR) of Murray Energy Corporation (Murray) to B2 from B3, its probability of default rating to B2-PD from B3-PD, the rating on the existing senior secured term loan to Ba3 from B1, and the rating on the existing second lien debt to B3 from Caa1. At the same time, Moody's assigned ratings to the proposed new debt, including Ba3 rating to the $1.6 billion first lien term loan and B3 rating to $860 million second lien notes. The proceeds of the financing are expected to be used to fund the $1.4 billion purchase price to acquire the controlling interest in in Foresight Energy LP and Foresight Energy GP LLP (together "Foresight"), and to refinance $1 billion of the existing first lien term loan. The outlook is positive.

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