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Prospect News home > News index > List of issuers E > Headlines for Eregli Demir ve Celik Fabrikalari TAS (Erdemir) > News item |
S&P ups Eregli to B+
Standard & Poor's said it raised its long-term corporate credit rating on Eregli Demir ve Celik Fabrikalari TAS to B+ from B.
The outlook is stable.
S&P said the upgrade reflects Erdemir's strong operating performance in the first quarter of 2013, which led the agency to reassess the strength of the company's competitive position.
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