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AK Steel Holding Corporation (AKS)

NYSE - Nasdaq Real Time Price. Currency in USD
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1.55000.0000 (0.00%)
As of 4:07PM EDT. Market open.
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  • Moody's

    Cleveland-Cliffs Inc. -- Moody's reviews Cliffs ratings for downgrade

    The review follows the announcement by Cliffs that it has entered into a definitive agreement to acquire ArcelorMittal USA for an implied equity value of $1.4 billion and an enterprise value of $3.3 billion. The acquisition will be funded by Cliffs issuing 78.2 million shares of common stock, non-voting preferred stock with an approximate value of $373 million and $505 million cash. Proforma for the transaction, Cliffs' steel shipments in 2019 would have been 17 million net tons.

  • Moody's

    Cleveland-Cliffs Inc. -- Moody's announces completion of a periodic review of ratings of Cleveland-Cliffs Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cleveland-Cliffs Inc. New York, August 20, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Cleveland-Cliffs Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Moody's

    Butler County Industrial Dev. Auth., PA -- Moody's withdraws all ratings for AK Steel Corporation

    Moody's Investors Service, ("Moody's") has withdrawn the ratings on AK Steel Corporation's (AK Steel) 7.625% notes due 2021, the 7.5% notes due 2023, the 6.375% notes due 2025, the 7% notes due 2027 and the IRB's. The ratings were withdrawn due to insufficient information to maintain the Credit Rating. Moody's has decided to withdraw the ratings because of inadequate information to monitor the ratings, due to the issuer's decision to cease participation in the rating process.