New York, August 11, 2016 -- Moody's Investors Service, ("Moody's") changed Novelis Inc's (Novelis) outlook to stable from negative. At the same time, Moody's affirmed the company's B1 corporate family rating (CFR), B1-PD probability of default rating, Ba2 senior secured term loan rating, and the B2 senior unsecured notes ratings. The speculative grade liquidity rating was affirmed at SGL-2

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