International credit rating agency Moody's has confirmed South Korea-based Hyundai Steel Co Ltd's Baa3 rating with a negative outlook. Moody's stated that the rating confirmation primarily reflects the positive impact that the merger ...
Tags: steel, metallurgy
International credit ratings agency Standard & Poor's Ratings Services has announced that it has raised its long-term corporate credit rating for Tata Steel UK Holdings Ltd. to 'BB-' from 'B+'. The outlook is negative. S&P said that the ...
Tags: steel, metallurgy
On December 7, Baosteel Co., Ltd made an announcement, announcing it successfully issued $500 million foreign bonds. The issuance of dollar bonds was the first time for Baosteel Co., Ltd to use a wholly owned overseas subsidiary Bao-Trans ...
Tags: Metallurgy, Mineral, Steel
International credit rating agency Moody's has said that the outlook for the European steel industry is stable and reflects the expectations for the fundamental business conditions in the industry over the next 12 to 18 months. Moody's ...
Tags: GDP Growth, Mineral
International credit ratings agency Fitch Ratings has affirmed Luxembourg-based global steel giant ArcelorMittal's rating at 'BB+', with the outlook being stable. Fitch stated that the credit rating affirmation and the stable outlook ...
Tags: steel, metallurgy
On November 28, Gansu Province-based Chinese steelmaker Jiuquan Iron and Steel Group Co. (JISCO) announced that it plans to issue medium-term notes worth RMB 3.8 billion ($622.9 million) on December 5. This will be the company’s first ...
Tags: steelmaking, metallurgy
International credit rating agency Moody's has announced that it has raised the European steel industry outlook to stable from negative given the improving fundamentals in the European steel industry, reflected by slight growth in euro area ...
Tags: Moody, lift, European steel, industry, outlook, stable
According to reported that International credit rating agency Moody's recently announced the European prospects of the steel sector by the "negative" was increased to “stable", which is expected from next year. Meanwhile, the ...
Tags: Moody, raise, prospect, European, steel, sector, stable
Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Co. (Ansteel) announced that it plans to issue short-term bonds worth RMB 1.2 billion ($196.7 million) on November 28. This will be the company's third short-term bond issue ...
Tags: Metallurgy, Mineral, Steel
The series of reforms announced over the weekend in China could begin to change the way the country's local and regional governments (LRGs) operate, said Fitch Ratings, a London-based credit rating company, on Tuesday. If implemented ...
Tags: China's Reforms, Economy
The federal deficit – the amount by which the US government’s total budget outlay exceeds its total receipts for a fiscal year – is estimated at $680 billion for 2013. The federal debt – the sum total of the ...
When the world was digesting news of Detroit’s bankruptcy in July, the biggest ever by a municipality in the US, attention in China turned to the highly indebted government of Jiangsu province. Provincial, city and county authorities ...
Tags: Bond Markets, Local Officials
On November 12, Jiangxi province-based Chinese steelmaker Xinyu Iron and Steel Co. announced that it plans to issue short-term bonds worth RMB 1.5 billion ($245.9 million) on November 15. This will be the company's second short-term bond ...
Tags: Xinyu Steel
Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Group Co. (Ansteel) has announced that it plans to issue short-term bonds worth RMB 1.8 billion ($295 million) on November 13. The issue will be its second short-term bond ...
Tags: Ansteel, short-term bonds, issue
Sichuan Province-based Chinese state-owned steel producer Panzhihua Iron and Steel (Pangang Group) has announced that it plans to issue medium-term notes worth RMB 4.5 billion ($737.7 million) on November 11. The notes in question will ...
Tags: Pangang Group