13
Mar
15:40
Moody’s raises Usiminas rating
Brazil`s Usiminas saw its credit rating raised by Moody’s after it reduced losses. According to the credit rating agency, the steelmaker can now focus more on its operations after restructuring its debt and reducing short-term liquidity pressures.
Usiminas expects to access BRL $700 million ($221.8m) from the capital reduction of its subsidiary Mineração Usiminas (Musa) until the middle of May. This follows approval last week by the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous