Moody's: GrafTech view to negative

Moody's Investors Service said it affirmed all ratings for GrafTech International Ltd., including the Ba1 corporate family rating, and revised the outlook to negative.

"Diminished pricing power in the electrode market has taken GrafTech's credit measures outside the expected range for a Ba1 rating. A rating downgrade could follow if the company is not able to take the necessary actions to place the company on a trajectory to restore credit measures by the end of 2014," Ben Nelson, Moody's assistant vice president and lead analyst for GrafTech, said in a news release.

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