Alcoa ratings downgraded to 'BB+' from 'BBB-' by Fitch Fitch Ratings has downgraded the ratings for Alcoa, including its Issuer Default Rating and senior unsecured debt, to 'BB+' from 'BBB-'. The Rating Outlook is Stable.
Alcoa rallies with Freeport-McMoRan, materials sector Shares are up over 5% to $9.33 at time of writing, putting it above downtrend resistance at the 10-day moving average. At that price next resistance is at $9.51. Support is at $9.19.