S&P’s poor Ameristeel view reflects fears about economy
Dec 04, 2007 | 12:51 PM
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Standard & Poor's Ratings Services has affirmed its non-investment grade credit ratings for Gerdau Ameristeel Corp., Tampa, Fla., but issued a negative outlook for the company because of weakness in the U.S. economy.
S&P removed all of Ameristeel's ratings, including its BB+ corporate rating, from CreditWatch, where they had been since July 11 after the mini-mill steel producer said it was acquiring Chaparral Steel Co. for $4.2....
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