New York, July 25, 2016 -- Moody's Investors Service upgraded New Enterprise Stone & Lime Co., Inc.'s ("New Enterprise") Corporate Family Rating to B3 from Caa1, the Probability of Default Rating to B3-PD from Caa1-PD, and the senior unsecured notes to Caa2 from Caa3. The rating outlook is stable. The Speculative Grade Liquidity assessment is affirmed at SGL-3.

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