The worsening global
financial crisis continues to take a toll on the bauxite/alumina industry.
Ratings agency Moody's Investors Service said it may downgrade the ratings on Alcoa Incorporated.
Alcoa operates the Clarendon-based Jamalco alumina refinery in a joint venture with the Government of Jamaica.
Moody's announced on Monday that the downgrade was likely due to an expected weak mid-term performance.
Moody's placed Alcoa's senior unsecured ratings and its short-term ratings under review for possible decline.
About $7.2 billion in rated debt securities could be affected.
Ratings agency Moody's Investors Service said it may downgrade the ratings on Alcoa Incorporated.
Alcoa operates the Clarendon-based Jamalco alumina refinery in a joint venture with the Government of Jamaica.
Moody's announced on Monday that the downgrade was likely due to an expected weak mid-term performance.
Moody's placed Alcoa's senior unsecured ratings and its short-term ratings under review for possible decline.
About $7.2 billion in rated debt securities could be affected.
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