S&P revises outlook to stable from negative; Affirms B+ rating
- S&P comments: Germany-based steel distributor Kloeckner's 2013 results were in line with our expectations, and we forecast further improvements in 2014, on the back of the company's nearly completed restructuring program.
- Under the current economic conditions, we think the company's 2014 credit metrics will improve to levels commensurate with the current rating.
- Under the current economic conditions, we think the company's 2014 credit metrics will improve to levels commensurate with the current rating.