BRIEF-Moody's cuts Aperam to B1; negative outlook

Thu Nov 8, 2012 6:33am EST

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Nov 08 (Reuters) - Aperam S.A.

* Moody's today lowered its ratings for Aperam S.A., lowering its corporate family and probability of default ratings to B1 from Ba3 and dropping to B3 (LGD6, 90%) from B2 the rating for Aperam's senior unsecured notes. The outlook remains negative.

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