11.08.2016 21:41:00
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Cliffs Natural Resources Inc. -- Moody's places Cliffs' ratings (Ca CFR) on review for upgrade
New York, August 11, 2016 -- Moody's Investors Service, ("Moody's") placed Cliffs Natural Resources Inc. (Cliffs) Ca Corporate Family Rating (CFR), Ca-PD Probability of Default rating, Caa1 first lien senior secured notes, Ca second lien senior secured notes, and C senior unsecured notes under review for upgrade. The SGL-3 speculative grade liquidity rating remains unchanged.