Moody's changes Aperam view to positive

Moody's Investors Service said it changed the outlook for Aperam SA to positive from negative and affirmed its B1 corporate family rating, B1-PD probability of default rating and B3 senior unsecured notes ratings.

The change in outlook reflects Moody's view of improved European stainless steel demand since Q4 2013. After a difficult 2012 and 2013, where demand from automotive and construction was particularly low and prices depressed, the stainless steel market has recovered, particularly in Europe.

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