London, 17 February 2016 -- Moody's Investors Service, ("Moody's") today upgraded its ratings for Aperam S.A., upgrading its corporate family rating (CFR) to Ba1 from Ba2 and probability of default ratings (PDR) to Ba1-PD from Ba2-PD. Moody's also upgraded the rating of the $200 million convertible Euro bonds due 2020 to Ba2 from B1. The outlook on all the ratings is stable.

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