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AK Steel (AKS -0.8%) is placed on review for a possible downgrade by Moody's, which cites weak...

AK Steel (AKS -0.8%) is placed on review for a possible downgrade by Moody's, which cites weak operating performance and ongoing losses. The ratings service expects AKS's weak results to continue, noting headwinds facing the steel industry, pressure on steel prices and slowing economic factors. Moody's currently rates AKS at B1, four levels into junk territory.
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