Moody’s mulls downgrading Alcoa ratings

Dec 23, 2008 | 06:43 AM | Tom Jennemann

Moody's Investors Service has placed Alcoa Inc.'s Baa1 senior unsecured ratings and its Prime 2 short-term ratings under review for possible downgrade. About $7.2 billion in rated debt securities is affected.

The ratings agency said Alcoa's mid-term performance likely will be adversely impacted by weak end markets, with weakness deepening in a number of segments on a global basis. ....

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