Approximately $650 million of new and existing debt securities affectedNew York, January 23, 2014 -- Moody's today confirmed the ratings of Westmoreland Coal Company (Westmoreland), including the corporate family rating (CFR) of Caa1, probability of default rating (PDR) of Caa1 -- PD, and the Caa1 rating on the existing senior secured notes. Moody's also assigned Caa1 rating to the company's add-on senior secured notes of $400 million. This concludes the review initiated on December 26th, 2013, when the company's ratings were placed on review for downgrade following its announcement of an agreement to acquire Prairie and Mountain coal mining operations of Sherritt International Corporation for approximately $435 million. The company's speculative grade liquidity rating of SGL-3 is affirmed. The ratings outlook is positive.

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