Moody's Ratings upgrades Reliance, Inc.'s ratings to Baa1; stable outlook
Moody's Ratings (Moody's) upgraded Reliance, Inc.'s ("Reliance") senior unsecured ratings to Baa1 from Baa2 and changed outlook to stable from positive. "The ratings upgrade to Baa1 is supported by Reliance's increased scale and market share over the last few years, the demonstrated ability to mai...Reliance Steel & Aluminum is a metals service center company. The company provides metals processing services and distributes a line of metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products, to its customers in a range of industries, including general manufacturing, non-residential construction (including infrastructure), transportation (rail, truck trailer and shipbuilding), aerospace and defense, energy (oil and gas), electronics and semiconductor fabrication, and heavy industry (agricultural, construction and mining equipment). The company also services the auto industry, primarily through its toll processing operations.
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