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Fitch Downgrades Arch Coal's IDR to 'C'

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions on Arch Coal, Inc. (Arch Coal; NYSE: ACI): --Issuer Default Rating (IDR) downgraded to 'C' from 'CCC'; --Senior secured revolving credit facility affirmed at 'B/RR1'; --Senior secured term loan affirmed at 'B/RR1'; --Second lien secured notes affirmed at 'B-/RR2'; --Senior unsecured notes downgraded to 'C/RR5' from 'CCC-/RR5'. Roughly $5.4 billion in principal amount of debt and commitments are affected by this acti

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