...Foresight Energy's B3 CFR is principally constrained by uncertainties related to the company's emergence from bankruptcy (e.g., need for capital investment, ability to maintain commercial arrangements), recurring operating incidents and event risk related to the company's ownership structure. The company's asset base is capable of supporting a rating above the B3 CFR assuming it can achieve cash costs consistent with its plan and maintain very low absolute debt levels. Foresight has two complexes with a demonstrated excellent cost position (Williamson, Sugar Camp), one complex with a potential excellent cost position (Hillsboro), and one idled complex (Macoupin). Commercial arrangements with mining contractors, lessors of reserves, railroads, port operators, and other counterparties had been substantively restructured during the company's bankruptcy process and no longer represent a material drag on earnings and cash flow generation. Management's new contracting strategy should help ensure...