New York, March 31, 2016 -- Moody's Investors Service (Moody's) confirmed Alcoa Inc's Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default rating, Ba1 senior unsecured rating, Ba1 backed industrial bond ratings, (P) Ba1 senior unsecured shelf rating, (P)Ba1 Medium-Term Note Program rating and Ba2 preferred stock rating. The Speculative Grade Liquidity rating remains unchanged at SGL-1. The outlook is negative. This concludes the review for downgraded initiated on January 21, 2016.
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