NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded Peabody Energy Corporation's (Peabody, NYSE: BTU) Issuer Default Rating (IDR) to 'CCC' from 'B'. Approximately $8.4 billion in face amount of debt and commitments is affected by today's rating actions. The downgrade reflects Fitch's view that liquidity could become constrained in the absence of higher metallurgical coal prices. For 2015, Fitch believes EBITDA could be about $400 million and free cash flow burn could reach about $500 millio
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