15
Jul
09:51
Fitch upgrades ArcelorMittal ratings
Fitch Ratings tells Kallanish that it has upgraded ArcelorMittal S.A.'s (AM) long-term issuer default rating (IDR) and senior unsecured ratings.
The credit analyst says that the IDR rises to ‘BBB-‘ from ‘BB+’. The outlook on the long-term IDR is stable. The short-term IDR and the commercial paper (CP) programme have been upgraded to 'F3' from 'B', Fitch confirms in a note.
“The rating upgrade of AM reflects it…
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Anonymous
Very good overview of the weekly steel market.
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