New York, October 08, 2015 -- Moody's Investors Service, ("Moody's") placed AK Steel Corporation's (AK Steel) B3 Corporate Family Rating (CFR), B3-PD Probability of Default rating, B2 senior secured 1st lien notes, Caa1 senior unsecured notes, Caa1 Revenue Bonds and (P)Caa1 shelf rating for senior unsecured debt under review for downgrade. The 1st lien notes, senior unsecured notes and Revenue Bonds are guaranteed by AK Steel Holding Corporation. The SGL-3 speculative grade liquidity rating was affirmed.

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