New York, November 06, 2015 -- Moody's Investors Service downgraded Allegheny Technologies Incorporated's (ATI) Corporate Family Rating (CFR) and Probability of Default rating to Ba3 from Ba2 and Ba3-PD from Ba2-PD respectively. The senior unsecured note ratings of ATI and Allegheny Ludlum Corporation (guaranteed by ATI) were downgraded to B1 from Ba2. The Speculative Grade Liquidity rating was lowered to SGL-3 from SGL-2. The ratings were placed on review for further downgrade.
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