Aperam withdraws from its credit rating services while reaffirming to maintain investment grade financial ratios
June 13 2019 - 12:00PM
Aperam withdraws from its credit rating services while reaffirming
to maintain investment grade financial ratios
Luxembourg, June 13, 2019 (18:00 CET) - Aperam announces
today that it has requested to be withdrawn from the credit rating
services of S&P Global Ratings and Moody’s Investor
Service.
Timoteo Di Maulo, CEO Aperam commented: ‘Given our low level of
debt and the nature of funding needs, credit rating services were
no longer considered necessary. We reaffirm our commitment to
maintain investment grade financial ratios.’
About Aperam
Aperam is a global player in stainless,
electrical and specialty steel, with customers in over 40
countries. The business is organized in three primary operating
segments: Stainless & Electrical Steel, Services &
Solutions and Alloys & Specialties.
Aperam has 2.5 million tonnes of flat Stainless
and Electrical steel capacity in Brazil and Europe and is a leader
in high value specialty products. Aperam has a highly integrated
distribution, processing and services network and a unique
capability to produce stainless and specialty from low cost biomass
(charcoal). Its industrial network is spread in six production
facilities located in Brazil, Belgium and France.
In 2018, Aperam had sales of EUR 4,677 million
and steel shipments of 1.97 million tonnes.
For further information, please refer to our
website at www.aperam.com
Contacts
Corporate Communications / Laurent Beauloye: +352 27 36 27
103Investor Relations / Thorsten Zimmermann: +352 27 36 67
304
Aperam (EU:APAM)
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