Moody's assigns Baa1 ratings to Nucor Corporation's proposed senior notes
Moody's Investors Service, ("Moody's") assigned a Baa1 rating to Nucor Corporation's ("Nucor") proposed senior unsecured notes. The company plans to offer up to $1.0 billion of senior notes across 3-year and 5-year maturities and to use the proceeds along with other short-term borrowings and cash on...Nucor manufactures steel and steel products. The company's operations include international trading and sales companies that buy and sell steel and steel products. The company's segments are: steel mills, which produces sheet steel, plate steel, structural steel, and bar steel; steel products, which produces hollow structural section steel tubing, electrical conduit, steel joists and joist girders, steel deck, cold finished steel, steel fasteners, metal building systems, and wire and wire mesh; and raw materials, which produces direct reduced iron (DRI), brokers ferrous and nonferrous metals, pig iron, hot briquetted iron and DRI, supplies ferro-alloys, and processes ferrous and nonferrous scrap metal.
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