Moody's affirms thyssenkrupp's B1 ratings; outlook remains developing
Rating Action: Moody's affirms thyssenkrupp's B1 ratings; outlook remains developing. Global Credit Research- 17 Dec 2020. Frankfurt am Main, December 17, 2020-- Moody's Investors Service, has today affirmed the B1 corporate family rating and the B1-PD probability of default rating of German steel and diversified industrial company thyssenkrupp AG.ThyssenKrupp is the parent company of the ThyssenKrupp Group. Co. has six business areas: Components Technology, which provides components for the automotive and machinery sectors; Elevator Technology, which supplies passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts; Industrial Solutions, which comprises the System Engineering and Marine Systems units; Materials Services, which focuses on materials distribution and technical services; Steel Europe, which develops, produces and markets flat carbon steel in the European market; and Steel Americas, which produces, processes and markets steel products in North and South America.
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