03.12.2013 08:46:00
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ArcelorMittal -- Moody's: Nippon Steel & Sumitomo Metal's Proposed Purchase of Thyssenkrupp Steel USA LLC Will Not Change Its Ratings or Outlook
Tokyo, December 03, 2013 -- Nippon Steel & Sumitomo Metal Corporation's (NSSM, A3 negative) planned joint purchase of Thyssenkrupp Steel USA, LLC (TKUS, not rated) is modestly negative financially, but positive operationally, for the Japanese steelmaker.