Ratings

ArcelorMittal outlook raised to positive by Moody's

The company's third-quarter net income 77% higher, year-on-year at €1 billion, supported by higher shipments and prices of the commodity

Alistair Holloway

07.12.2017

Luxembourg-based ArcelorMittal, the world's biggest steelmaker, had the outlook on its ratings raised by Moody's to 'positive' from 'stable' on the back of a better market and other factors.

The change "reflects ArcelorMittal's strengthening credit profile on the back of improved market conditions, successful efforts to reduce debt and expectations that its free cash flow will turn positive in 2017-2018," Gianmarco Migliavacca, a Moody's vice president, said in a statement.