Alpha Natural Resources, Llc http://www.alacrastore.com/company-snapshot/Alpha_Natural_Resources_Llc-3662770 Monday, October 13, 2008 10:49:12 PM 3662770 Alpha Natural Resources, Llc en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/659934spcred/659934normThe latest News from S&Pglobal7/16/2008 3:27:41 PM100News659934United StatesCoal & Consumable FuelsUnited StatesGlobal IssuersCorporationsMetals & MiningNewsNEW YORK (Standard&Poor's) July 16, 2008--Standard&Poor's Ratings Services placed its ratings on U.S. coal producer Alpha Natural Resources Inc. (Alpha), including its 'B+' corporate credit rating, on CreditWatch with positive implications. The CreditWatch listing follows the announcement that Cleveland-Cliffs Inc. (unrated entity) will acquire Alpha in a cash and stock transaction valued at approximately $10 billion. The transaction is subject to approval by Cleveland-Cliffs and Alpha shareholders, as well as the satisfaction of customary closing conditions and regulatory approvals, and is expected to close by the end of 2008. "The combined company, which will be renamed Cliffs Natural Resources, will become one of the largest U.S. mining companies and be positioned as a leading diversified miningUSA02076Q02076X10102050 101020 1010 10Alpha Natural Resources Inc.378819USA527483ZNEWSGLOBISSCORPMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/659935spcred/659935normThe latest Research Update from S&Pglobal7/16/2008 3:27:41 PM175Research Update659935United StatesCoal & Consumable FuelsUnited StatesGlobal IssuersCorporationsMetals & MiningResearch UpdateOn July 16, 2008, Standard&Poor's Ratings Services placed its ratings on U.S. coal producer Alpha Natural Resources Inc. (Alpha), including its 'B+' corporate credit rating, on CreditWatch with positive implications. The CreditWatch listing follows the announcement that Cleveland-Cliffs Inc. (unrated entity) will acquire Alpha in a cash and stock transaction valued at approximately $10 billion. The transaction is subject to approval by Cleveland-Cliffs and Alpha shareholders, as well as the satisfaction of customary closing conditions and regulatory approvals, and is expected to close by the end of 2008. The combined company, which will be renamed Cliffs Natural Resources, will become one of the largest U.S. mining companies and be positioned as a leading diversified mining and natural resourcesUSA02076Q02076X10102050 101020 1010 10Alpha Natural Resources Inc.378819USA527483ZRESUPDGLOBISSCORPMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/640928spcred/640928normThe latest News from S&P4/3/2008 6:46:30 PMNews100global640928United StatesCoal & Consumable FuelsUnited StatesGlobal IssuersCorporationsMetals & MiningNewsNEW YORK (Standard&Poor's) April 3, 2008--Standard&Poor's Ratings Services revised its outlook on Alpha Natural Resources Inc. to positive from stable. At the same time, we assigned a 'B' rating, one notch below the 'B+' corporate credit rating to the company's $287.5 million 2.375% senior unsecured convertible notes due 2015. We assigned a '5' recovery rating to the notes. The '5' recovery rating indicates our expectation of modest (10%-30%) recovery in the event of a payment default. We affirmed all other ratings, including the corporate credit rating. Alpha Natural will use proceeds from the recently sold note issue, in addition to $150 million and the potential of 15% in proceeds from a concurrent equity offering, to repurchaseUSA02076Q02076X10102050 101020 1010 10Alpha Natural Resources Inc.378819USA527483ZNEWSGLOBISSCORPMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/640929spcred/640929normThe latest Research Update from S&P4/3/2008 6:46:30 PMResearch Update175global640929United StatesCoal & Consumable FuelsUnited StatesGlobal IssuersCorporationsMetals & MiningResearch UpdateOn April 3, 2008, Standard&Poor's Ratings Services revised its outlook on Alpha Natural Resources Inc. to positive from stable. At the same time, we assigned a 'B' rating, one notch below the 'B+' corporate credit rating to the company's $287.5 million 2.375% senior unsecured convertible notes due 2015. We assigned a '5' recovery rating to the notes. The '5' recovery rating indicates our expectation of modest (10%-30%) recovery in the event of a payment default. We affirmed all other ratings, including the corporate credit rating. Alpha Natural will use proceeds from the recently sold note issue, in addition to $150 million and the potential of 15% in proceeds from a concurrent equity offering, to repurchase up to theUSA02076Q02076X10102050 101020 1010 10Alpha Natural Resources Inc.378819USA527483ZRESUPDGLOBISSCORPMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_152269_807526299moodys/PR_152269_807526299htmlGlobal Credit Research Rating Action # APR #### Rating Action: Alpha Natural Resources Inc. Moody's upgrades Alpha's sr. secured rating; affirms corporate family rating Approximately $### million of debt affected. New York, April ##,...Rating Action4/3/2008 1:05:43 AMAlpha Natural Resources Inc.807526299150.0000NewshtmlAlpha Natural Resources Inc.PR_152269_807526299Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_807526299moodys/COP_807526299htmlGlobal Credit Research Credit Opinion # APR #### Credit Opinion: Alpha Natural Resources Inc. Alpha Natural Resources Inc. Abingdon, Virginia, United States Ratings Category Moody's Rating Outlook Stable Corporate Family Rating B#...Credit Opinion1/4/2008 2:20:00 AMAlpha Natural Resources Inc.807526299150.0000NewshtmlAlpha Natural Resources Inc.COP_807526299Credit & Investment ResearchMoody's Global Credit Research