New York, February 12, 2016 -- Moody's Investors Service ("Moody's") has downgraded A.M. Castle & Co.'s ("Castle") corporate family rating to Ca from Caa2, its probability of default rating to Ca-PD/LD from Caa2-PD and its existing senior secured notes to C from Caa2. The ratings downgrades reflect the company's very weak operating results and credit metrics and the completion of the exchange of its senior secured notes. The ratings outlook is stable.
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