London, 14 November 2014 -- Moody's Investors Service today upgraded its ratings for Aperam S.A., upgrading its corporate family rating to Ba3 from B1 and probability of default ratings to Ba3-PD from B1-PD. At the same time, the rating for Aperam's senior unsecured notes due 2018 and 2020 are upgraded to B2 from B3. The outlook on all ratings is positive.

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