New York, May 04, 2015 -- Moody's Investors Service today downgraded the corporate family rating (CFR) of Patriot Coal Corporation (Patriot) to Ca from Caa1 and the probability default rating (PDR) to Ca-PD from Caa1-PD. The downgrade follows the continued stress on the coal sector, and the resulting deterioration in the company's credit metrics. The ratings also reflect the potential significant loss in case of restructuring. At the same time, Moody's downgraded senior secured term loan to Ca from Caa1. Moody's also affirmed the Speculative Grade Liquidity rating of SGL-4. The outlook is stable.

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