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S&P Cuts United States Steel Corp Rating-DJ


Monday, 17 Jun 2013 03:01pm EDT 

Dow Jones reported that Standard & Poor's Ratings Services has downgraded its credit rating on United States Steel Corp. by one notch, considering the steelmaker's operating performance might be weaker than expected. The firm lowered U.S. Steel's corporate credit rating to double-B-minus, three steps into junk grade, from double-B. The outlook is stable.