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Prospect News home > News index > List of issuers P > Headlines for Peabody Energy Corp. > News item
Published on 4/14/2016 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Moody’s cuts Peabody Energy PDR to D-PD

Moody's Investors Service said it lowered Peabody Energy Corp.’s probability of default rating to D-PD from Ca-PD.

The action was prompted by the company's April 13 announcement that it voluntarily filed for relief under Chapter 11 of the United States Bankruptcy Code.

All other ratings are affirmed.

The outlook is negative.


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