02
Apr
07:12
Moody's upgrades Gerdau's credit rating
Moody’s tells Kallanish that it has upgraded the credit rating of Brazilian long steel producer Gerdau. The ratings agency says that the steelmaker will continue to generate positive free cash flow and strong operating margins in the medium term.
Moody’s has upgraded the credit rating of Gerdau from Ba1 to investment grade Вaa3, with a positive outlook, the analyst says in a note. The decision follows Gerdau`s expectations of strong operating perf…
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Anonymous
Very good overview of the weekly steel market.
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