S&P downgrades James River Coal's (JRCC -7.4%) corporate credit rating to CCC+ from B- with...

|By:, SA News Editor

S&P downgrades James River Coal's (JRCC -7.4%) corporate credit rating to CCC+ from B- with a negative outlook, citing the warm winter and natural gas substitution which have accelerated a sustained decline in the economic viability of thermal coal produced in the Central Appalachia basin.