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Aleris International Inc. -- Moody's assigns Caa2 rating to Aleris' new senior secured junior priority notes

Moody's Investors Service, ("Moody's") assigned a Caa2 rating to the new $400 million senior secured junior priority notes due 2023 of Aleris International Inc. All the other ratings are unchanged. The speculative grade liquidity rating was unchanged at SGL-3. Proceeds of the notes, together with $1.1 billion from a new senior secured 1st lien term loan, will be used to repay the existing 7.875% senior unsecured notes due 2020 and the 9.5% senior secured notes due 2021.