New York, December 10, 2015 -- Moody's Investors Service, ("Moody's") - downgraded the ratings of Horsehead Holding Corp. (Horsehead), including its corporate family rating (CFR) to Caa2 from B3, probability of default rating (PDR) to Caa2-PD from B3-PD and senior secured notes to Caa1 from B2. The company's Speculative Grade Liquidity rating was lowered to SGL-4 from SGL-3. The outlook is negative.

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