German steel group, ThyssenKrupp has been warned that it may suffer a credit ratings downgrade following its C$4.8bn (€3.47bn) all-cash recommended counter-bid for Canadian steel maker  Dofasco.

In a research note released this morning Dresdner Kleinwort Wasserstein warned of a possible ratings downgrade from Standard & Poor's should the acquisition be completed.

Ratings warning over ThyssenKrupp's Dofasco bid

Shanny Basar

Jonathan Sibun

ThyssenKrupp

Citigroup

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