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Published on 10/4/2019 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

S&P shifts view on ArcelorMittal to negative

S&P said it revised the outlook for ArcelorMittal to negative from stable.

“The outlook’s revision to negative reflects the increasing risk that, contrary to our base-case scenario, the steel markets may remain weak in 2020, and potentially beyond,” said S&P in a press release.

The agency affirmed the company’s BBB- rating.


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