Moody's: Global Brass view stable

Moody's Investors Service said it affirmed the ratings of Global Brass and Copper, Inc., including the corporate family rating at B2, but changed the outlook to stable from positive.

The agency also assigned a speculative grade liquidity rating of SGL-3.

Moody's said the stabilization of the outlook reflects its expectation that demand for Global Brass' copper and brass products will be less robust than originally anticipated due the modest pace of economic growth in North America. As a result the company's margins, cash generation and debt protection measures are unlikely to support a higher rating.

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