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Alcoa Outlook Revised to Negative by S&P

Alcoa Inc., the biggest U.S. aluminum producer, had its credit rating outlook revised to negative from stable by Standard & Poor’s Ratings Services after a slump in the price of the metal.

At current aluminum prices, Alcoa’s cash flow and debt are “well outside our expectations” for the company’s BBB-corporate credit rating, the ratings company said today in a statement. The rating is the lowest investment-grade level.