Nov. 10th, 2015

Our client quoted: Gimme Credit analyst Evan Mann downgraded U.S. Steel credit from “improving” to “deteriorating” on Monday. However, it still has nearly $3 billion in liquidity. He wrote in a note to clients:

X ended the quarter with $2.9 billion of liquidity. For the nine months, free cash flow after dividends was a $123 million shortfall, down from positive $943 million in the year ago period while total debt was unchanged at $3.5 billion.

 

 

 

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