Tokyo, April 21, 2016 -- Moody's Japan K.K. has today downgraded NIPPON STEEL & SUMITOMO METAL CORPORATION's (NSSM)'s senior unsecured debt rating to Baa1 from A3, domestic shelf registration rating to (P)Baa1 from (P)A3, as well as domestic subordinated loan rating to Baa3 from Baa2.
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