International credit ratings agency Moody's has announced that it has changed the rating outlook on Australian steelmaker Bluescope Steel to positive from stable. At the same time, Moody's has affirmed Bluescope's Ba3 corporate family ...
Tags: steelmaker, Steel
International credit rating agency Moody's has announced that it has upgraded the Turkish steel producer Erdemir's corporate family rating to Ba3, affirming the rating outlook as stable. Moody's stated that the upgrade was prompted by ...
Tags: steel producer, credit rating
International credit ratings agency Moody's has announced that it has affirmed Russian steel producer NLMK’s Baa3 rating, with a stable outlook.The agency underscored that this decision reflects the global scale of the group’s ...
Tags: Moody, Metallurgy, company news
India Ratings’ outlook for cotton textiles remains negative to stable for 2013 on account of subdued demand, although margins are expected to benefit from softening raw material prices. The outlook for synthetic textiles remains ...
Tags: cotton textile, cotton, textiles, cotton prices
International credit ratings agency Fitch Ratings has announced that it has downgraded Luxembourg-based steel giant ArcelorMittal's credit rating to BB+, below investment grade. The rating agency stated that the downgrade reflects the ...
Tags: Fitch Ratings, ArcelorMittal, steel, steel market
Fitch Ratings Director Jay Djemal said that Latin American Metals and Mining observed that higher operating costs remain entrenched. The report said that “Higher operating costs will continue in 2013 for metals and mining. Cost ...
Tags: metals, Mining, mining exports, copper miners
The ratings on the Russian vertically integrated steel group OAO Severstal are constrained by our view of the highly cyclical, capital-intensive, and competitive nature of the steel industry. Steel margins are relatively weak, and in our ...
Tags: steel group, steel, iron ore, coking coal mining
The ratings on the Russian vertically integrated steel group OAO Severstal are constrained by our view of the highly cyclical, capital intensive and competitive nature of the steel industry. Steel margins are relatively weak and in our ...
Tags: OAO Severstal, steel industry, Russia, steel
The rating on Wyomissing based Carpenter Technology Corp (Carpenter) reflects Standard & Poor's Ratings Services' assessment of the company's "satisfactory" business risk profile and "intermediate" financial risk profile. The company's ...
Tags: Carpenter Technology Corp, business risk, financial risk
The rating on Wyomissing based Carpenter Technology Corp (Carpenter) reflects Standard & Poor's Ratings Services' assessment of the company's "satisfactory" business risk profile and "intermediate" financial risk profile. The company's ...
Tags: Metallurgy, Mineral
EVRAZ Plc welcomes the decision by Fitch Ratings to assign EVRAZ plc a long term foreign currency Issuer Default Rating of BB outlook Stable; and a Short term foreign currency IDR of B. The rating is the same as the current rating for ...
Tags: foreign currency, credit metrics, steel consuming industries
SunCoke Energy Inc announced plans to form a master limited partnership, SunCoke Energy Partners LP, which will have an ownership interest in certain of its coke-making facilities. We estimate that consolidated credit metrics will remain ...
Tags: SunCoke Energy, coke, coke making facility