...+ Despite continued headwinds from high steel imports and lower selling prices and volumes, U.S.-based Commercial Metals Co.'s operating performance remains within our expectations. + We expect adjusted debt to EBITDA of between 2x and 3x over the next 12 months and are revising our financial risk profile to intermediate as a result. We also revised our comparable rating analysis modifier to neutral from positive, in part due to the stronger financial risk profile assessment. + At the same time, we are also revising our liquidity assessment to adequate from strong given the company's upcoming debt maturities over the next 18 months. + As such, we are affirming our '##+' corporate credit rating on Commercial Metals and our '##+' issue-level ratings on its unsecured debt. The recovery ratings are unchanged at '3'. + The stable outlook reflects our view that credit measures will remain in the intermediate financial risk category over the next 12 months, with adjusted debt to EBITDA between...
