21.04.2016 09:30:00

NIPPON STEEL & SUMITOMO METAL CORPORATION -- Moody's downgrades Nippon Steel & Sumitomo Metal to Baa1; outlook negative

Tokyo, April 21, 2016 -- Moody's Japan K.K. has today downgraded NIPPON STEEL & SUMITOMO METAL CORPORATION's (NSSM)'s senior unsecured debt rating to Baa1 from A3, domestic shelf registration rating to (P)Baa1 from (P)A3, as well as domestic subordinated loan rating to Baa3 from Baa2.

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