Moody's: Kennametal unchanged

Moody's Investors Service said Kennametal Inc.'s acquisition of Allegheny Technologies' tungsten business will not impact its Baa2 senior debt rating or stable outlook. The acquisition, valued at $605 million, will be financed with Kennametal's cash on hand and borrowings under its $600 million revolving credit facility due April 2018, roughly $596 million of which was available at June 30.

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