New York, August 27, 2015 -- Moody's Investors Service downgraded the ratings of Peabody Energy Corporation (Peabody), including the corporate family rating (CFR) to Caa1 from B3, probability of default rating (PDR) to Caa1-PD from B3-PD, the ratings on senior secured credit facility to B2 from B1, the ratings on second lien debt to Caa1 from B3, the ratings on senior unsecured notes to Caa2 from Caa1, and the junior subordinated debenture ratings to Caa3 from Caa2. The speculative grade liquidity rating of SGL-3 remains unchanged. The ratings were placed on review for further downgrade.
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