US Steel Credit Score Set for Moody’s Upgrade on Nippon Deal (1)

United States Steel Corp.’s credit rating stands to benefit as Nippon Steel Corp. agreed to buy the Pittsburgh-based company for $14.1 billion, according to Moody’s Investors Service.

The steelmaker’s B1 senior unsecured debt rating and Ba3 corporate family rating — both speculative-grade scores — were put on review for an upgrade, the credit grader said in a Tuesday statement.

“US Steel’s ratings were placed on review for upgrade based on its potential ownership by Nippon, which has a much stronger credit profile, larger and more diversified asset base, and greater financial resources,” Michael Corelli, a senior ...