Moody's reviews Commercial Metals Co.'s....>

US BONDS: Moody's reviews Commercial Metals Co.'s ratings (CFR:Ba1) for

downgrade on Acquisition Announcement; also put Ba1-PD Probability of Default

Rating, Ba2 senior unsecured rating and (P) Ba2 senior unsecured shelf rating

under review for downgrade. The SGL-2 Speculative Grade Liquidity rating remains

unchanged, it said.

- "The review for downgrade is prompted by CMC's announcement of the acquisition

of certain of Gerdau S.A.'s US rebar steel mills {6i} and fabrication assets for

$600 million. The company has entered into a $600 million long-term bank

facility to support the acquisition. The acquisition will increase CMC's melt

capacity to approximately 7.2 million tons from roughly 4.5 million tons

currently."