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Zekelman Industries, Inc. -- Moody's upgrades Zekelman Industries CFR to B1; outlook stable

Moody's Investors Service upgraded Zekelman Industries, Inc.'s corporate family rating (CFR) to B1 from B2, its probability of default rating (PDR) to B1-PD from B2-PD, its senior secured term loan rating to B1 from B2 and the rating on its senior secured notes to B3 from Caa1. The ratings outlook is stable. "The ratings upgrade reflects the recent significant improvement in the company's operating performance and credit metrics and the expectation they will improve further in the near term.