Moody's reviews Century Aluminum

Moody's Investors Service said it placed under review for downgrade Century Aluminum Co.'s corporate family and probability-of-default ratings of Ba3, its 1.75% convertible senior note rated B1 (LGD5, 77%) and 7.5% senior unsecured note rated B1 (LGD5, 77%).

The review is prompted by the substantive deterioration in aluminum markets and the consequent impact on the company's performance given its higher cost profile than many global competitors, the agency said.

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