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29.09.2015 05:47:00
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JFE Holdings, Inc. -- Moody's: Japan steel makers' credit quality stable, despite poor market conditions
Tokyo, September 29, 2015 -- Moody's Japan K.K. says that the country's two largest steel makers by output -- NIPPON STEEL & SUMITOMO METAL CORPORATION (NSSM, A3 stable) and JFE Holdings, Inc. (JFE, Baa1 stable) -- will maintain their credit quality over the next 12-18 months, because the ongoing weakness of the yen and cost cutting efforts by the companies will partially offset the negative impact of poor business conditions in Asia.
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