- Rhino Resource Partners (NYSE:RNO) is downgraded to Sell from Hold at Stifel, which expects a significant selloff as a result of RNO's distribution cut to $0.08/unit on an annualized basis.
- Stifel believes the decision to cut the distribution to unitholders reflects a worsening of coal markets so far in 2015 and the desire to preserve liquidity in advance of the July 2016 maturity of RNO's senior secured credit facility.