S&P: United States Steel unchanged

Standard & Poor's said that its ratings and outlook on United States Steel Corp. (BB+/stable) would not be affected by the company's announced $2.1 billion cash acquisition of Lone Star Technologies Inc. (BB-/stable).

Given U.S. Steel's current modest leverage and significant cash balances, the additional debt to be incurred to effect the acquisition is not expected to materially weaken the company's financial risk profile, the agency said.

The acquisition complements and expands U.S. Steel's existing $1.8 billion revenue OCTG business, strengthening its position in this attractive niche market, the agency said.

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