New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on MT the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 25, 2014
10:13 EDTMTHigh option volume stocks
Subscribe for More Information
September 24, 2014
07:42 EDTMTCredit Suisse to hold a conference
Subscribe for More Information
September 19, 2014
07:30 EDTMTRussia's top steelmaker weighs IPO of North American arm, WSJ says
Subscribe for More Information
September 18, 2014
10:00 EDTMTOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:45 EDTMTArcelorMittal upgraded at BofA/Merrill
As previously reported, BofA/Merrill upgraded ArcelorMittal to Buy from Neutral. The firm believes European steel prices have bottomed and margins are expanding. Price target is $17.55.
06:13 EDTMTArcelorMittal upgraded to Buy from Neutral at BofA/Merrill
Subscribe for More Information
September 17, 2014
12:08 EDTMTSteel stocks rally as U.S. Steel, Nucor provide improved outlooks
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use