Moody’s gives B2-PD to Contura

Moody's Investors Service said it removed provisional designation on the ratings of Contura Energy, Inc. including the B2 corporate family rating and the B2 rating on the $400 million first-lien secured term loan due 2024.

The agency also assigned a probability of default rating of B2-PD.

The outlook is stable.

The action follows the company's issuance of 2016 audited financial statements. The provisional ratings were assigned in February, pending receipt and review of the audited financial information for the period from the company's inception to Dec. 31, 2016.

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