Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for ArcelorMittal SA > News item |
S&P: ArcelorMittal to negative
Standard & Poor's said it revised the outlook on ArcelorMittal and its guaranteed subsidiaries to negative from stable.
The agency also said it affirmed its BBB-/A-3 long- and short-term corporate credit ratings.
The outlook revision reflects a view that ArcelorMittal's leverage is currently above the levels considered commensurate with the BBB- rating, S&P said, and that the probability of de-leveraging in the near term has decreased given the uncertain macroeconomic environment.
Financial metrics may remain at, or deteriorate below, current low levels in the event of an economic recession in Europe and the United States, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.