New York, September 20, 2016 -- Moody's Investors Service, ("Moody's") assigned a Ba3 Corporate Family Rating (CFR) and a Ba3-PD Probability of Default rating to Alcoa Nederland Holding B.V. (Alcoa Nederland). At the same time, Moody's assigned a Ba3 rating to Alcoa Nederland's proposed senior unsecured notes. Moody's also assigned a Speculative Grade Liquidity Rating of SGL-2. The outlook is stable. This is the first time Moody's has rated Alcoa Nederland Holding B.V.
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