New York, July 09, 2013 -- Moody's Investors Service assigned a (P)Baa3 rating to Allegheny Technologies Incorporated's (ATI) shelf for senior unsecured debt issuance and a Baa3 rating to the senior unsecured notes being issued under the shelf. Proceeds will be used for general corporate purposes. Moody's notes that the interest rate on ATI's note issue is subject to adjustment should the company be downgraded below an investment grade rating, up to a maximum of 2%. Subsequent upgrades would result in a corresponding downward interest rate adjustment. All other ratings remain unchanged.

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