ArcelorMittal - S&P Global Ratings’ Credit Research

ArcelorMittal

ArcelorMittal - S&P Global Ratings’ Credit Research
ArcelorMittal
Published Jul 04, 2018
15 pages (5277 words) — Published Jul 04, 2018
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Global market leader in the steel sector; largest producer with total steel production of about 93 million tonnes. Most diversified steel producer by product and geographic locations. Sizeable iron ore miner with high degree of vertical integration into its steel operations. Improving cash generation profile and EBITDA margins per share following asset optimization and cost efficiency programs. Commitment to reduce net debt to $6 billion to further strengthen resilience of balance sheet through industry cycles. Strong liquidity with a comfortable debt maturity profile. Low dividend payouts until net debt objective is reached. Some uncertainty over the Essar transaction and impact on credit metrics. The stable outlook reflects our view that ArcelorMittal's commitment to reduce net debt to $6 billion is

  
Brief Excerpt:

...Business Risk: Satisfactory Financial Risk: Significant + Global market leader in the steel sector; largest producer with total steel production of about 93 million tonnes. + Most diversified steel producer by product and geographic locations. + Sizeable iron ore miner with high degree of vertical integration into its steel operations. + Improving cash generation profile and EBITDA margins per share following asset optimization and cost efficiency programs. + Commitment to reduce net debt to $6 billion to further strengthen resilience of balance sheet through industry cycles. + Strong liquidity with a comfortable debt maturity profile. + Low dividend payouts until net debt objective is reached. + Some uncertainty over the Essar transaction and impact on credit metrics....

  
Report Type:

Full Report

Ticker
IST@NA
Issuer
ArcelorMittal
GICS
Steel (15104050)
Sector
Global Issuers, Structured Finance
Country
Luxembourg
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "ArcelorMittal" Jul 04, 2018. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/ArcelorMittal-2066496>
  
APA:
S&P Global Ratings’ Credit Research. (). ArcelorMittal Jul 04, 2018. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/ArcelorMittal-2066496>
  
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