New York, November 30, 2015 -- Moody's Investors Service confirmed AK Steel Corporation's (AK Steel) B3 corporate family rating (CFR) and B3-PD probability of default rating. At the same time Moody's confirmed the company's B2 senior secured notes rating, Caa1 senior unsecured notes rating, the Caa1 Revenue bond ratings and the (P) Caa1 rating for senior unsecured debt. The speculative grade liquidity rating remains unchanged at SGL-3. The outlook is negative. This concludes the review for downgrade initiated on October 8, 2015.

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