Moody’s Ratings downgraded Algoma Steel Group Inc.’s corporate family rating to Caa1 from B3 on August 14, 2025. This change reflects Moody's assessment of the company's financial position and risk profile.
The outlook for Algoma Steel Group Inc. remains negative following this downgrade. A Caa1 rating indicates that the obligations are judged to be of poor standing and are subject to very high credit risk.
This downgrade by a prominent credit rating agency can impact the company's access to capital markets and the perception of its financial stability among investors and lenders.
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