New York, August 15, 2016 -- Moody's Investors Service assigned a B2 rating to Novelis Corporation's$525 million senior unsecured guaranteed notes. The notes will have a downstream guarantee from Novelis Corporation's parent, Novelis Inc. (Novelis) and will also be guaranteed by all of Novelis' existing and future restricted subsidiaries in the US and Canada and by certain of its foreign restricted subsidiaries. All other ratings, including the B1 corporate family rating (CFR), B1-PD probability of default rating, Ba2 rating on the senior secured credit facility, B2 rating on existing unsecured notes, and SGL-2 speculative grade liquidity rating remain unchanged. The outlook is stable.

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