...+ U.S.-based steel processor and recycler Commercial Metals Co. expects to close its $600 million purchase of certain North American steel assets from Gerdau S.A. later this year. + We do not expect the $450 million of incremental debt used to fund the transaction to materially weaken the company's credit metrics on a sustained basis, particularly in light of our favorable outlook on steel market conditions. + As a result, we are affirming our '##+' corporate credit rating and '##+' issue level ratings on the company's senior unsecured debt. The recovery rating of '3' remains unchanged. We are also assigning issue-level ratings of '##+' to the company's new senior unsecured notes due 2026. The recovery rating is '3'. + We are removing all of our ratings on Commercial Metals Co. from CreditWatch with negative implications, where we had placed them on January 2, 2018, following the announcement to purchase the Gerdau S.A. assets. + The stable outlook reflects our expectations that although...
