US Steel’s Credit Score Poised for Moody’s Upgrade on Nippon Deal
- Nippon Steel agreed to buy US Steel for $14.1 billion
- Moody’s sees US Steel upgrade potential amid acquisition
Investors have shown optimism about the deal, which will create the world’s second-largest steel company.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
United States Steel Corp.’s credit rating stands to benefit as Nippon Steel Corp. agreed to buy the Pittsburgh-based company for $14.1 billion, according to Moody’s Investors Service.
The steelmaker’s B1 senior unsecured debt rating and Ba3 corporate family rating — both speculative-grade scores — were put on review for an upgrade, the credit grader said in a Tuesday statement.