Moody's upgrades Hyundai Steel to Baa2; outlook stable
Moody's Investors Service has upgraded Hyundai Steel Company's issuer rating to Baa2 from Baa3. Hyundai Steel's rating outlook remains stable. "The upgrade reflects our expectation that, despite a moderation from the past year's very strong levels, Hyundai Steel will maintain sound financial met...Hyundai Steel is engaged in the manufacture and distribution of steel products. Co.'s products are reinforcing bars, wide flange beams, H shaped steel, structural tees, steel-deformed bars and piles. Co. also manufactures stainless steel sheets and coils, including cold rolled stainless steel sheets, hot rolled steels, coils and other steel casting products.
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