Summary: ArcelorMittal - S&P Global Ratings’ Credit Research

Summary: ArcelorMittal

Summary: ArcelorMittal - S&P Global Ratings’ Credit Research
Summary: ArcelorMittal
Published Aug 22, 2014
2391 words — Published Aug 22, 2014
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Global market leader in the steel sector. Broad diversity of operations. Partial integration in raw materials, notably iron ore. The cyclicality and volatility of the global steel industry. Only average operational efficiency. Significant adjusted debt. Our forecast of moderately positive free operating cash flow generation. Medium-term debt maturity profile. Supportive financial policy targets. The negative outlook on Luxembourg-registered steel group ArcelorMittal reflects the fact that the company's 2014 forecast credit ratios will likely remain below the levels Standard&Poor's Ratings Services deems commensurate with the current rating. This follows the company's recent downward revision of its expectations for its full-year results, constrained by the decline in iron ore prices. The outlook also reflects our view that the likely improvement

  
Brief Excerpt:

RESEARCH Summary: ArcelorMittal Publication date: 22-Aug-2014 Primary Credit Analyst: Andrey Nikolaev, CFA, Paris (33) 1-4420-7329; andrey.nikolaev@standardandpoors.com Secondary Contact: Elad Jelasko, CPA, London (44) 20-7176-7013;...

  
Report Type:

Summary

Ticker
IST@NA
Issuer
ArcelorMittal
GICS
Steel (15104050)
Sector
Global Issuers, Structured Finance
Country
Luxembourg
Region
United States
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: ArcelorMittal" Aug 22, 2014. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-ArcelorMittal-1354719>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: ArcelorMittal Aug 22, 2014. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-ArcelorMittal-1354719>
  
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