08
Jun
10:56
Fitch assigns Derichebourg first rating
Fitch Ratings has assigned France’s largest metal recycling firm, Derichebourg, a first-time Long-Term Issuer Default Rating (IDR) of 'BB' with a Positive Outlook. The firm is seen as having low leverage and strong cash flow, and as benefiting from its recent Ecore acquisition.
The positive outlook reflects forecast funds from operations net leverage will fall to around 3.0x over the next 18 months and management's objective of reverting to a con…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous