Vallourec, a worldwide producer of seamless tubular solutions, announced last week it received credit rating upgrades from Moody’s and S&P Global.

The announcement follows Fitch’s upgrade to investment grade in April. Vallourec multinational operations include a mill in Youngstown.

Moody’s upgraded Vallourec’s issuer rating from Ba1 to Baa3, an investment grade rating with a stable outlook. S&P Global upgraded Vallourec’s long- and short-term issuer credit ratings from BB+/B to BBB-/A-3, investment grade ratings, with a stable outlook.

“The effective upgrade to Baa3 reflects continued evidence of Vallourec’s successful execution of its strategic transformation, including a shift toward higher-value products and a substantial reduction of its industrial fixed cost base since 2022,” Moody

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