BlueScope credit rating upgrade

08 April 2016

 

The news in the global steel industry has been one of woe and misery but it seems there is the odd exception.  Moody’s announced the upgrade of BlueScope Steel’s senior unsecured debt to Ba2 from its previous Ba3 rating as a result of the streel maker’s improving financial profile. At the same time, Moody’s changed BlueScope’s ratings outlook from “stable” to “positive”. Moody’s says BlueScope has been the beneficiary of...

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