Moody’s might lower U.S. Steel

Moody's Investors Service said it placed United States Steel Corp.’s (U.S. Steel) Ba3 corporate family rating, Ba3-PD probability of default rating, B1 senior unsecured note and B1 industrial revenue bond ratings supported by U.S. Steel and provisional B1 senior unsecured shelf rating under review for downgrade.

The SGL-2 speculative grade liquidity rating was affirmed.

Moody’s said the review for downgrade results from the deterioration in U.S. Steel's performance and debt protection metrics and expectations that continued contraction will be evidenced given the challenging conditions facing the U.S. steel industry, particularly for flat-rolled and tubular products.

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