New York, September 17, 2013 -- Kennametal's acquisition of Allegheny Technologies' Tungsten Business will not impact its Baa2 senior unsecured rating or stable outlook, says Moody's Investors Service. On September 16, 2013, the company announced its definitive agreement to acquire ATI's Tungsten Business that produces tungsten metallurgical powders and tooling technologies and components, and generates approximately $340 million in annual revenues. The acquisition, valued at $605 million, will be financed with Kennametal's cash on hand and borrowings under its $600 million revolving credit facility due April 2018, approximately $596 million of which was available at June 30, 2013. For more information please see the Issuer Comment posted on moody's.com.

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