New York, February 19, 2016 -- Moody's Investors Services downgraded Carpenter Technology Corporation's (Carpenter) senior unsecured ratings to Ba2 from Baa3. At the same time, Moody's assigned a Ba2 Corporate Family Rating (CFR), a Ba2-PD Probability of Default rating and a SGL-2 speculative grade liquidity rating. The outlook is stable.
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