Moody's lifts EES Coke notes to Ba2

Moody's Investors Service said it upgraded the rating for EES Coke Battery Co. Inc.'s series B senior secured notes due 2007 to Ba2 from Ba3.

The outlook is stable.

The upgrade reflects an improved credit profile of EES Coke's primary customer, International Steel Group, Inc., due in large part to its recently completed merger with Mittal Steel Co. NV, Moody's said.

The agency noted that the rating is supported by continued improvement in cash flow and robust demand.

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