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Stock Market & Financial Investment News

News Breaks
November 6, 2012
08:37 EDTMTArcelorMittal downgraded to Ba1 by Moody's, outlook negative
Moody's Investors Service downgraded ArcelorMittal's senior unsecured note ratings to Ba1 from Baa3. The rating action includes the senior unsecured notes and Euro MTNs of ArcelorMittal and the senior unsecured notes of ArcelorMittal Finance and ArcelorMittal USA. The rating for the parent's subordinated perpetual capital security was lowered to Ba3 from Ba2 and its commercial paper rating was lowered to NP from P-3. A corporate familly and probability of default rating of Ba1 was assigned to ArcelorMittal. The rating outlook remains negative for all three debt issuers.The downgrade reflects the deterioration in global steel markets over the last six months, as evidenced by ArcelorMittal's third quarter 2012 performance, its worst quarter since 2Q09.
News For MT From The Last 14 Days
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May 15, 2015
07:53 EDTMTArclorMittal upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded ArcelorMittal to Buy and established a $13.75 price target. The firm believes a margin recovery is unfolding in European steel driven by steel export declines out of China and potential trade protectionism in Europe.
May 14, 2015
11:10 EDTMTArcelorMittal calls active on sharp rally
ArcelorMittal June and September 12 calls are active on total call volume of 13K contracts (1K puts). June call option implied volatility is at 37, September is at 35; compared to its 90-day average of 36. Active call volume suggests traders taking positions for large near term price movement.
10:53 EDTMTArcelorMittal gaps up bullishly, levels to watch
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