$CLF Moody's Investors Service, ("Moody's") confirmed

Cleveland-Cliffs Inc. (Cliffs) B1 Corporate Family Rating (CFR), B1-PD Probability of Default rating and its B3 senior unsecured notes rating. Moody's downgraded Cliffs guaranteed senior secured notes to Ba3 from Ba2, and its guaranteed senior unsecured notes to B2 from B1.