Moody's: Walter unchanged

Moody's Investors Service said Walter Energy Inc.'s B1 corporate family rating and stable outlook will not be immediately impacted by an agreement to purchase 19.8% of Western Coal Corp. from affiliates of Audley Capital.

Walter Energy also signed a non-binding letter of intent to acquire all outstanding shares of Western Coal. The agency said that if Walter Energy enters into a definitive agreement, the ratings will be placed on review subject to receiving additional information about the acquisition.

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